#None #Tender Offer #Grupo Sura #Notes

Early Tender Offer Results

Grupo de Inversiones Suramericana S.A. has taken significant steps in its recent tender offer concerning its 5.500% Notes due in 2026. In a strategic announcement made on January 24, 2025, the company disclosed several key updates regarding this offer, particularly focusing on the early tender results, an early settlement date, and an increase in the maximum aggregate principal amount to be accepted.

Overview of the Tender Offer

The tender offer, initially set at a maximum purchase price of $200 million, has now been expanded to $230 million. This increase reflects strong interest from noteholders, with the results showing that as of January 23, 2025, approximately $291,799,000 of the notes had been validly tendered.

The current Total Consideration for each $1,000 principal amount of validly tendered Notes is established at $1,000, which includes an early tender payment of $50. For those whose notes were accepted for purchase, accrued and unpaid interest will also be paid from the last interest payment date up until an anticipated early settlement date of January 30, 2025.

Key Details

According to the amendment made to the Offer to Purchase, the company plans to accept valid tenders of the notes up to the revised maximum amount of $230 million. The tender offer will remain open until February 7, 2025, which is when any notes not previously accepted will need to be submitted for consideration. Importantly, the period for withdrawing accepted tenders has also lapsed, meaning no further withdrawals can occur after the early tender time.

A breakdown of the figures for the notes indicates:

• - Total Outstanding Amount: $530,000,000
• - Aggregate Amount Tendered: $291,799,000
• - Principal Accepted for Purchase: $230,000,000
• - Remaining Outstanding Amount Post-Early Settlement: $300,000,000
• - Proration Factor: 75%

Future Prospects and Investor Engagement

The company emphasizes that its obligation to accept valid tenders is contingent upon satisfying certain customary conditions, ensuring a careful and controlled process. Interest in the company and its securities has drawn focus, particularly with Citigroup Global Markets Inc. and Itau BBA USA Securities, Inc. appointed as dealer managers for the tender offer. Both institutions invite inquiries from interested parties regarding the terms and execution of this tender offer.

Global Bondholder Services Corporation acts as the information agent for this process, ensuring information is accessible to all applicable stakeholders.

In summary, Grupo de Inversiones Suramericana S.A. remains committed to enhancing shareholder value and efficiently managing its note offerings. The significance of the early tender results signifies a strong market position as the organization looks to stabilize and optimize its financial strategies within the Latin American financial sector.

About Grupo Sura

Grupo Sura is a prominent financial services conglomerate in Latin America, specializing in mandatory pension funds, voluntary savings, and insurance. Headquartered in Colombia, the company has expanded its operations throughout Latin America, including countries like Chile, Mexico, and Peru, while also being notably involved in the banking sector through its stake in Bancolombia S.A.

As Grupo Sura continues to adapt and evolve, stakeholders remain cautiously optimistic about the company's approaches to managing financial conditions in a dynamic economic landscape.