(Ultrapar, 6.Jun.2019) — Ultrapar International S.A. announced the early tender results of its offer to purchase for cash up to U.S.$200,000,000 aggregate principal amount.
(Incorporated in the Grand Duchy of Luxembourg)
Offer to Purchase for Cash Up to U.S.$200,000,000 Aggregate Principal Amount of its Outstanding 5.250% Notes due 2026
Ultrapar International S.A., a public limited liability company (société anonyme) organized and established under the laws of the Grand Duchy of Luxembourg with registered office at 6, rue Eugène Ruppert, L-2453, Luxembourg, Grand Duchy of Luxembourg, and registered with the Luxembourg Register of Commerce and Companies (Registre de commerce et des sociétés, Luxembourg) under number B208982 (“Ultrapar”), hereby announces the early tender results of its offer to purchase for cash up to U.S.$200,000,000 aggregate principal amount (subject to increase by Ultrapar in its sole discretion under the circumstances described in the Offer to Purchase (as defined below), the “Maximum Tender Amount”) of its outstanding 5.250% Notes due 2026 (CUSIP: 90401C AA7 and L9412A AA5, and ISIN: US90401CAA71 and USL9412AAA53) (the “Notes”), upon the terms and subject to the conditions described in the Offer to Purchase dated May 22, 2019 (as it may be amended or supplemented from time to time, the “Offer to Purchase”). Capitalized terms used in this announcement, but not defined herein, shall have the meanings given to such terms in the Offer to Purchase.
Ultrapar hereby announces that, as of June 5, 2019, at 5:00 p.m. New York City time (which was the Early Tender Date), it has received valid tenders from the registered holders of the Notes (individually, a “Holder” and collectively, the “Holders”) of U.S.$254,689,000 in principal amount of the Notes (which exceeds the Maximum Tender Amount). Withdrawal rights for the Tender Offer have expired.
In accordance with the Offer to Purchase, Holders of Notes that are validly tendered (and not validly withdrawn) at or prior to the Early Tender Date and accepted for purchase pursuant to the Tender Offer will receive the Tender Offer Consideration plus the Early Tender Premium. In addition, all Holders of Notes accepted for purchase pursuant to the Tender Offer will, on the Settlement Date, also receive accrued and unpaid interest on those Notes from the last interest payment date with respect to those Notes to, but not including, the Settlement Date. All Notes validly tendered at or prior to the Early Tender Date will be accepted for purchase before any Notes validly tendered after the Early Tender Date are accepted for purchase. Accordingly, as the aggregate principal amount of Notes tendered for purchase prior to the Early Tender Date exceeds the Maximum Tender Amount, no Notes tendered for purchase after the Early Tender Date will be accepted for purchase, provided that such Notes may be accepted for purchase if we increase the Maximum Tender Amount, which we are entitled to do in our sole discretion. There can be no assurance that we will increase the Maximum Tender Amount. Notes not accepted for purchase will be returned promptly. As described in the Offer to Purchase, Ultrapar currently expects that the Settlement Date will be June 21, 2019.
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