Mexico’s Javer tenders for up to $136 million 9 7/8% notes due 2021

By Susanna Moon

Chicago, Nov. 30 – Servicios Corporativos Javer, SAPI de CV said it began a tender offer for up to $136 million principal amount of its outstanding 9 7/8% senior notes due April 6, 2021.

Javer reserves the right to increase or decrease the tender cap, according to a company press release.

The total purchase price will be $1,070 for each $1,000 principal amount of notes tendered by 5 p.m. ET on Dec. 11, the early tender date.

The total amount consists of the $1,040 tender offer payment plus the $30 early tender premium.

Holders who tender their notes after the early deadline will receive the total amount less the early premium.

The company also will pay accrued interest.

The tender offer will end at midnight ET on Dec. 28, with an early settlement date slated for Dec. 18.

Tendered notes may be withdrawn at any time before the early deadline.

If the tender offer is oversubscribed, the company said it will accept for purchase tendered notes on a prorated basis.

Credit Suisse Securities (USA) LLC (212 538-2147 or 800 820-1653) is the dealer manager. D.F. King & Co., Inc. (866 340-7108 or 212 269-5550) is the tender agent and information agent.

Javer is a privately owned housing development company based in Monterrey, Mexico.

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