#Brazil #São Paulo #Finance #Tender Offer #Hidrovias

Overview

Hidrovias International Finance S.à r.l., a subsidiary of Hidrovias do Brasil S.A., recently concluded its tender offer for its outstanding 4.950% notes maturing in 2031. Announced on June 9, 2025, the company revealed significant interest from noteholders, marking a pivotal moment in its financial strategy.

Details of the Tender Offer

The tender offer was officially closed at 5 PM New York City time, with total valid tenders reaching an impressive $181,899,000 or 65.38% of the outstanding notes. This engagement highlights a strong willingness from investors to partake in the offer.

Those whose notes were successfully tendered will receive a total consideration of $930.00 for every $1,000 principal amount of notes, alongside accrued interest. This payment is set to take place on the expected settlement date of June 17, 2025.

Conditions and Financing

While the completion of the tender offer signals a positive development, its execution depends on specific conditions being met. Notably, the financing condition must either be satisfied or waived, as detailed in the Offer to Purchase documentation. The financing transaction involves Hidrovias issuing real-denominated debentures in Brazil, anticipated to finalize around June 12, 2025.

However, uncertainties remain regarding the successful completion of this financing transaction, leaving stakeholders on alert.

Role of Financial Advisors

D.F. King & Co., Inc. has performed duties as the Tender and Information Agent, facilitating the process and aiding investors with inquiries. Meanwhile, several prominent financial institutions have acted as Dealer Managers and Solicitation Agents, supporting the smooth execution of the tender offer.

For any questions, parties can reach the respective institutions for clarification on the offer or the results announced.

Important Considerations

It's crucial to note that neither the Offer to Purchase nor related documents have undergone scrutiny or approval from any government authorities or regulatory bodies. The terms and conditions outlined are definitive, emphasizing that this press release should not be interpreted as an offer to purchase or a solicitation to sell securities.

Conclusion

The culmination of the tender offer represents a noteworthy achievement for Hidrovias International Finance as it navigates through complex financial undertakings. Keeping stakeholders informed about the tender results and future tasks, including the financing condition, remains a priority, as outcomes could markedly impact the company's financial posture. Investors are encouraged to peruse the Offer to Purchase and related materials for comprehensive details regarding the Tender Offer and Consent Solicitation.

For future updates and ongoing disclosures, stakeholders should monitor communications from Hidrovias and its financial advisors. The landscape surrounding this tender offer will certainly unfold further in coming weeks, with a focus on market and transaction developments.