#Colombia #Financial Management #Medellín #SURA Asset Management #Debt Tender Offer

SURA Asset Management S.A. Launches Debt Tender Offer

On May 6, 2025, SURA Asset Management S.A., a leading asset management firm based in Medellín, Colombia, announced a significant financial initiative—a tender offer to repurchase its 4.375% Senior Guaranteed Notes due 2027. The company plans to acquire up to $175 million in aggregate principal amount of these notes as part of its strategy to manage outstanding debt effectively.

Overview of the Tender Offer

The tender offer is pivotal for SURA as it seeks to optimize its financial position in a fluctuating market. The Offer to Purchase, dated May 6, outlines the provisions and conditions under which the company aims to execute the transaction:

• - Maximum Acceptance Amount: $175 million
• - Commencement Date: May 6, 2025
• - Early Tender Time: 5 p.m. New York Time (NYT) on May 19, 2025
• - Withdrawal Deadline: 5 p.m. NYT on May 19, 2025
• - Expiration Time: 5 p.m. NYT on June 4, 2025

Payment Terms and Conditions

The initial purchase consideration for holders tendering the notes is set at $970.00 for each $1,000 principal amount. Additionally, a substantial early tender payment of $30.00 will be awarded to those who complete their tender before the early tender time, meaning that the total consideration could reach $1,000.00 if conditions are met.

The company’s willingness to pay cash up to the Maximum Amount indicates a proactive approach in enhancing its financial liquidity and strengthening future growth prospects. Notably, the tender offer can be extended or terminated at the discretion of the company, giving it flexibility in execution.

Strategic Importance

SURA Asset Management's decision to initiate this buyback aligns with its long-term goals of financial stability and market competitiveness. As a prominent player in the asset management sector, the company manages diverse investment portfolios and retirement solutions primarily across Latin America, reinforcing its commitment to providing optimal returns for stakeholders and clients.

The offered conditions not only benefit the noteholders but also allow SURA to minimize its overall debt obligations and associated risks. This strategic financial maneuver illustrates the company's commitment to safeguarding its fiscal health amidst changing economic conditions.

Conclusion

In conclusion, the tender offer by SURA Asset Management S.A. signifies an important move toward improving the company's debt profile while catering to the interests of noteholders. Stakeholders are encouraged to consider the implications of this tender offer critically, keeping in mind the conditions set forth in the Offer to Purchase. Investors and noteholders should act promptly, especially if they wish to take advantage of the early tender provisions and potentially secure favorable terms within the specified offer timeline.

For further details, inquiries regarding the tender offer can be directed to the dealer managers, BBVA Securities Inc. or J.P. Morgan Securities LLC.