ContourGlobal gets tenders for 55% of 5 1/8% senior secured notes

By Susanna Moon

Chicago, July 25 – ContourGlobal Power Holdings SA said investors had tendered €383,728,000 principal amount, or about 55%, of its 5 1/8% senior secured notes due 2021.

The tender offer ran from July 17 until 12 p.m. ET on July 24.

ContourGlobal was offering to pay €1,027.12 per €1,000 principal amount plus accrued interest up to but excluding the payment date of July 26.

The company issued a call for the remaining notes on July 17 at a redemption price of €1,025.63 per €1,000 principal amount plus accrued interest up to but excluding the redemption date.

Any notes not tendered, including all Rule 144A notes, will be redeemed on Aug. 16.

The offer applied only to notes held under Regulation S.

Goldman Sachs International (+44 20 7774 9862 or liabilitymanagement.eu@gs.com) is dealer manager. Lucid Issuer Services Ltd. (+44 20 7704 0880 or contourglobal@lucid-is.com) is tender agent and information agent.

ContourGlobal Power Holdings is an indirect wholly owned subsidiary of ContourGlobal plc, a London-based power generation company with thermal and renewable power plants in 18 countries in Europe, Latin America and Africa.

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