#Senior Notes #Mexico #Mexico City #Tender Offer #Orbia

Introduction

Orbia Advance Corporation, S.A.B. de C.V. has recently made headlines with its early tender results for a cash tender offer of its 1.875% senior notes due in 2026. This offer, which totals $600 million in aggregate principal amount, reflects significant activity and interest from investors.

Details of the Tender Offer

On May 8, 2025, Orbia announced that approximately 89.73% of the outstanding senior notes had been validly tendered by the early tender date. This translates to about $538,382,000 in aggregate principal that has been accepted under the terms of the Offer to Purchase. According to details shared by D.F. King & Co., Inc., the tender and information agent for this operation, those who participated prior to the early tender date are set to receive the total consideration, which includes an early tender payment and accrued interest. Payments are expected to occur on the early settlement date scheduled for May 13, 2025, following this successful engagement.

Breakdown of Tender Offer Numbers

For clarity, the tender offer includes the following breakdown of financial figures associated with the senior notes:

• - Outstanding Principal Amount: $600,000,000
• - Tender Offer Consideration: $970 per $1,000 principal amount
• - Early Tender Payment: $30 per $1,000 principal amount
• - Total Consideration: $1,000 per $1,000 principal amount

These figures indicate a well-structured offer aimed at attracting investors while ensuring compliance with various financial regulations.

The Tender Offer Timeline

The tender offer will officially close at 5:00 PM New York City time on May 23, 2025, unless there are extensions or adjustments prior to that date. Holders of the notes who capture this opportunity post-early tender date will still receive the tender offer consideration along with accrued interest, providing incentives for late participants. Orbia has articulated that they maintain the right to amend or terminate the offer at their discretion, ensuring they can respond strategically to market conditions.

Developer Conditions and Obligations

Significantly, the ability of Orbia to execute this tender offer hinges on the satisfaction or waiver of several conditions detailed within the Offer to Purchase document. One of the critical conditions identified is the financing requirement, which outlines the financial viability of this transaction under prevailing economic circumstances.

Conclusion

In conclusion, Orbia Advance Corporation’s early tender results signal robust interest in its offerings and reflect well on the company’s financial outlook. As transactions unfold and engagements with stakeholders continue, further developments are anticipated leading up to the final settlement date projected around May 28, 2025. Investors and market watchers keenly await Orbia's next moves in this unfolding corporate narrative.