#Peru #consent solicitation #Piura #Terminales Portuarios Euroandinos #Senior TPE Secured Notes

Terminales Portuarios Euroandinos Paita S.A. Sees Successful Consent Solicitation Results

In a significant development for investors and stakeholders, Terminales Portuarios Euroandinos Paita S.A., a prominent port terminal operator in Peru, has successfully announced the results of a consent solicitation regarding its 8.125% Series 2012-1 Senior TPE Secured Notes due in 2037. The consent was sought to make specific alterations to the existing terms of the financing agreement.

Overview of the Consent Solicitation

On November 9, 2026, the company communicated its intentions to its investors through a Consent Solicitation Statement. This document outlined the proposed amendments to the Collateral Trust Indenture originally established on April 11, 2012. The primary aim was to enable the amendments to facilitate a smoother operational framework and provide clarity on the obligations between the company and its financial partners.

The successful solicitation implied that a majority of note holders had delivered their affirmative votes concerning the proposed changes before the specified expiration time of November 13, 2026, at 5:00 pm New York City time. This not only reflects the company’s solid relationships with its community of investors but also indicates confidence in its future operational directions.

Details of the Proposed Amendments

The amendments pertained to several significant aspects:
1. Collateral Trust Indenture Amendments: To better align the financial operations with contemporary market practices, adjustments were proposed.
2. Involvement of the Peruvian Trustee: The company directed its Indenture Trustee to allow the Peruvian Trustee to modify the terms of the payment and guarantee trust agreement established in 2012.

These updates are designed to enhance the company’s operational efficiency and ensure ongoing compliance with prevailing financial regulations.

Financial Implications and Next Steps

With the requisite consents being duly obtained, the amendments—including a supplemental indenture and changes to the trust agreement—are set to take effect upon the company’s payment of a consent fee to holders of the notes. Scheduled for November 20, 2026, this fee will be calculated at $5.00 per each $1,000 of principal amount held. This transaction underscores the commitment of Terminales Portuarios Euroandinos Paita S.A. to uphold investor interests and foster a sustainable financial environment.

As the company progresses with these changes, it has retained Santander US Capital Markets LLC as its solicitation agent, ensuring that any lingering inquiries or requests for further information are addressed promptly by the designated Information and Tabulation Agent. Investors can direct their concerns and queries to the appropriate contacts provided by the company.

A Forward-Looking Perspective

This successful consent solicitation is more than just a compliance measure; it symbolizes Terminales Portuarios Euroandinos's proactive approach towards adapting to the dynamic and sometimes unpredictable nature of the commercial sector. The management is optimistic that the revisions will pave the way for stronger financial health and stability within their operational domain.

The company has also issued a reminder that neither this announcement nor the solicitation, as noted in their statement, amounts to an offer to buy or sell any securities, thereby maintaining transparency in its communications with market participants.

In conclusion, the successful conclusion of this consent solicitation marks a turning point for Terminales Portuarios Euroandinos Paita S.A., positioning itself for potential growth while protecting the vested interests of its stakeholders. As developments unfold, investors, analysts, and market participants alike will keenly observe the subsequent actions of the company, hoping that they will enhance its stature in the global port operations landscape.