Chile’s Pampa Calichera further extends tender offer for 7¾% notes

By Marisa Wong

Morgantown, W.Va., Oct. 23 – Sociedad de Inversiones Pampa Calichera SA extended the expiration of its tender offer for its 7¾% senior secured notes due 2022, according to a news release.

The offer now ends at 5 p.m. ET on Nov. 23. The offer was previously extended to 5 p.m. ET on Oct. 30 from 5 p.m. ET on Oct. 8.

On Oct. 9 the issuer also increased the tender offer consideration to $1,020 per $1,000 principal amount of notes from $980 per $1,000 principal amount.

As previously reported, the company began a tender offer for up to $70 million of the $246 million outstanding notes on Sept. 10.

As of Oct. 22, holders had tendered $4,628,000, or 1.88%, of the notes. That amount is unchanged from the tally as of the original expiration date.

In addition to the tender consideration, holders will receive accrued interest up to but excluding the settlement date.

If more than the $70 million of notes are tendered, the amount of notes that will be purchased will be prorated, as previously noted.

The company reserves the right, but is not obligated, to increase the maximum repurchase amount.

The tender agent and information agent is Global Bondholder Services Corp. (866 807-2200 or 212 430-3774).

Pampa Calichera is a Santiago, Chile-based holding company whose principal corporate purpose is to invest in shares of Sociedad Quimica y Minera de Chile SA, a Santiago-based supplier of specialty fertilizers and inorganic industrial chemicals.

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