{"id":72606,"date":"2019-10-30T07:00:00","date_gmt":"2019-10-30T11:00:00","guid":{"rendered":"https:\/\/hispanicprwire.com\/english-automotores-gildemeister-spa-announces-expiration-of-exchange-offer-and-consent-solicitation\/"},"modified":"2019-10-30T07:03:10","modified_gmt":"2019-10-30T11:03:10","slug":"automotores-gildemeister-spa-anuncia-la-expiracion-de-su-oferta-de-intercambio-y-solicitud-de-consentimiento","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/automotores-gildemeister-spa-anuncia-la-expiracion-de-su-oferta-de-intercambio-y-solicitud-de-consentimiento\/","title":{"rendered":"Automotores Gildemeister SpA Announces Expiration Of Exchange Offer And Consent Solicitation"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">SANTIAGO, Chile<\/span>, <span class=\"xn-chron\">Oct. 30, 2019<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; Automotores Gildemeister SpA (the &#8220;Company&#8221;) announced today the expiration and results of the exchange offer and consent solicitation (the &#8220;Offers and Solicitation&#8221;) for its <span class=\"xn-money\">US$515,250,522<\/span> 7.50% Senior Secured Notes due 2021 (the &#8220;Existing Senior Secured Notes&#8221;), <span class=\"xn-money\">US$24,194,000<\/span> 8.250% Senior Unsecured Notes due 2021 (the &#8220;2021 Notes&#8221;) and its <span class=\"xn-money\">US$5,122,000<\/span> 6.750% Senior Unsecured Notes due 2023 (the &#8220;2023 Notes,&#8221; and together with the 2021 Notes and the Existing Senior Secured Notes, the &#8220;Existing Senior Notes&#8221;) on the terms previously announced in the offering and solicitation memorandum dated <span class=\"xn-chron\">September 30, 2019<\/span> (as supplemented from time to time, the &#8220;Offering and Solicitation Memorandum&#8221;).\u00a0 The Offers and Solicitation expired at <span class=\"xn-chron\">5:00 pm<\/span>, <span class=\"xn-location\">New York City<\/span> time, on <span class=\"xn-chron\">October 29, 2019<\/span> (the &#8220;Expiration Date&#8221;).\u00a0 The Company&#8217;s Existing Senior Notes tendered in the Offers and Solicitation will be exchanged for 7.50% New Senior Secured Notes due 2025, New Series A Warrants and New Series B Warrants.\u00a0 Settlement is expected to occur on <span class=\"xn-chron\">November 7, 2019<\/span>, subject to the terms and conditions of the Offers and Solicitation.\u00a0 In addition, pursuant to the Offers and Solicitation, certain amendments to the terms and conditions of the Existing Senior Notes will be adopted and become effective upon the settlement of the Offers and Solicitation.<\/p>\n<p>As of the Expiration Date, 98.13% of the outstanding principal amount of the Existing Senior Secured Notes had been validly tendered and not validly withdrawn in the Offers and Solicitation. Consummation of the Offers and Solicitation had been subject to a condition that the Company receives valid tenders of at least 99% of the aggregate outstanding principal amount of the Existing Senior Secured Notes (the &#8220;Minimum Tender Condition&#8221;).\u00a0 The Minimum Tender Condition has been waived by the Requisite Noteholders. <\/p>\n<p>In addition, as of the Expiration Date, <span class=\"xn-money\">US$1,700,000<\/span> of the outstanding principal amount of the 2021 Notes and <span class=\"xn-money\">US$2,500,000<\/span> of the outstanding principal amount of the 2023 Notes had been validly tendered and not validly withdrawn in the Offers and Solicitation.<\/p>\n<p>For information on the Offers and Solicitation, holders of Existing Senior Notes may contact Prime Clerk, the Exchange and Information Agent for the Offers and Solicitation, at (877) 510-1633 or, if outside the U.S. and <span class=\"xn-location\">Canada<\/span>, at (917) 947-5418. \u00a0<\/p>\n<p>THIS PRESS RELEASE IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY SECURITY.\u00a0 THE OFFERS AND SOLICITATION ARE BEING MADE SOLELY BY THE OFFERING AND SOLICITATION MEMORANDUM THAT MAY BE OBTAINED FROM THE EXCHANGE AND INFORMATION AGENT AND ONLY TO SUCH PERSONS AND IN SUCH JURISDICTIONS AS IS PERMITTED UNDER APPLICABLE LAW.\u00a0 ANY PUBLIC OFFERING OF SECURITIES TO BE MADE IN <span class=\"xn-location\">THE UNITED STATES<\/span> WILL BE MADE BY MEANS OF A PROSPECTUS THAT MAY BE OBTAINED FROM THE COMPANY OR THE SELLING SECURITY HOLDER THAT WILL CONTAIN DETAILED INFORMATION ABOUT THE COMPANY AND MANAGEMENT, AS WELL AS FINANCIAL STATEMENTS.\u00a0 <\/p>\n<p><b>The New Senior Secured Notes, the New Series A Warrants and the New Series B Warrants, offered in the Offers and Solicitation will not be registered under the Ley de Mercado de Valores No. 18,045 (the &#8220;Securities Market Law&#8221;), as amended, of <span class=\"xn-location\">Chile<\/span> with the Chilean Financial Markets Commission (Comisi\u00f3n para el Mercado Financiero, the &#8220;CMF&#8221;), together with all predecessor agencies and commissions, including, without limitation, the Chilean Securities and Insurance Commission (Superintendencia de Valores y Seguros), and, accordingly, may not be offered or sold to persons in <span class=\"xn-location\">Chile<\/span> except in circumstances that do not constitute a public offering under Chilean law.<\/b><\/p>\n<p><b><i>Los valores que se emitan no ser\u00e1n registrados en la Comision para el Mercado Financiero, antes Superintendencia de Valores y Seguros, de conformidad a la ley de Mercado de Valores No. 18,045, por lo que de acuerdo a ello, no podr\u00e1n ser ofrecidos a personas en <span class=\"xn-location\">Chile<\/span> excepto en circunstancias que no constituyan una oferta p\u00fablica de valores de acuerdo a ley Chilena.<\/i><\/b><\/p>\n<p><b>About Automotores Gildemeister<\/b><\/p>\n<p>Automotores Gildemeister is a vehicle importer and distributor primarily in <span class=\"xn-location\">Chile<\/span> and <span class=\"xn-location\">Peru<\/span>. Since 1986, the Company has been the sole distributor of Hyundai passenger and light commercial vehicles in <span class=\"xn-location\">Chile<\/span> and since 2002, the sole distributor of Hyundai passenger, light commercial and heavy commercial vehicles in <span class=\"xn-location\">Peru<\/span>.<\/p>\n<p>SOURCE  Automotores Gildemeister SpA<\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">SANTIAGO, Chile<\/span>, <span class=\"xn-chron\">Oct. 30, 2019<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; Automotores Gildemeister SpA (the &#8220;Company&#8221;) announced today the expiration and results of the exchange offer and consent solicitation (the &#8220;Offers and Solicitation&#8221;) for its <span class=\"xn-money\">US$515,250,522<\/span> 7.50% Senior Secured Notes due 2021 (the &#8220;Existing Senior Secured Notes&#8221;), <span class=\"xn-money\">US$24,194,000<\/span> 8.250% Senior Unsecured Notes due 2021 (the &#8220;2021 Notes&#8221;) and its &lt;span&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-72606","post","type-post","status-publish","format-standard","hentry","category-automotriz"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/72606","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=72606"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/72606\/revisions"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=72606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=72606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=72606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}