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Hunt Oil Company of Peru L.L.C. Tender Offer Results

On April 29, 2025, Hunt Oil Company of Peru, L.L.C. (referred to as HOCP) announced the results of its tender offers for two series of Trust Enhanced Senior Notes, specifically the 6.375% notes due 2028 and 8.550% notes due 2033. The tender offers were part of a strategic initiative to manage its outstanding debt effectively.

Details on the Tender Offers

The tender offers were initially announced in late March 2025, with cash offers made to holders of the notes. The offers included:

• - 6.375% Trust Enhanced Senior Notes due 2028 (CUSIP: 445640 AB1, ISIN: US445640AB18)
• - 8.550% Trust Enhanced Senior Notes due 2033 (CUSIP: 445640 AC9, ISIN: US445640AC90)

The expiration time for the tender offers was set for 8:00 a.m. New York City time on April 29, 2025. This time marked a critical moment for bondholders who opted to respond to the offer.

Summary of Principal Amounts and Participation

According to the information provided by Global Bondholders Services Corporation, the information and tender agent for the offers, the tender results showed a significant response:

• - 2028 Notes: Total original principal amount was $261,492,000. By the expiration time, holders had tendered an impressive amount of $175,573,000, all of which was accepted for payment.
• - 2033 Notes: With an original principal amount of $500,000,000, the accepted tendered amount was $352,557,000, which exceeded the threshold necessary for further action.

Consideration and Payment Details

The consideration for the tendered Notes will vary depending on the specific terms outlined in the Offer to Purchase. For instance:

• - 6.375% Notes: Holders will receive a consideration of $1,025.00 per $1,000 of original principal amount.
• - 8.550% Notes: The consideration is set at $1,132.50 for every $1,000 of original principal amount.

Payments for the accepted tenders are expected to be processed by May 5, 2025, signifying that HOCP is committed to following through with its obligations efficiently and transparently.

Role of Dealer Managers

To facilitate the tender process, HOCP has partnered with several notable financial institutions. BofA Securities, Citigroup Global Markets, Credicorp Capital, and J.P. Morgan Securities acted as dealer managers, ensuring that the offers were well-structured and widely communicated.

Forward-Looking Statements

It is important to note that this announcement may include forward-looking statements pertaining to the company’s future financial condition, which are inherently uncertain. Caution is advised, as actual outcomes may vary significantly due to various factors.

Conclusion

Hunt Oil Company of Peru's recent tender offers reflect its ongoing commitment to managing its financial health proactively. The successful completion of this tender offer is a strategic move that positions HOCP favorably for future operations, particularly as it continues to hold a significant stake in Peru’s natural gas production via the Camisea Fields.

For those seeking further details, complete terms, and conditions of the offers are available in the Offer Documents, which can be accessed through the information agent.

Contact for Further Information

Individuals interested in inquiries about the tender offers can reach out to the respective dealer managers through their provided contact information for assistance.