Colbún Reports Expiration Date Of Tender Offer

(Colbún, 27.Feb.2020) — Colbún, S.A., a publicly traded stock corporation (sociedad anónima abierta) organized under the laws of the Republic of Chile (the “Company”), announced that it is extending the expiration date of its previously announced tender offer (the “Tender Offer”) to purchase for cash any and all of its outstanding 4.500% Notes due 2024 (the “Securities”) pursuant to an offer to purchase dated February 20, 2020 (the “Offer to Purchase”) and the related notice of guaranteed delivery (the “Notice of Guaranteed Delivery” and, together with the Offer to Purchase, the “Offer Documents”), which set forth the terms of the Tender Offer.

The “Expiration Date” applicable to the Tender Offer previously scheduled for 5:00 p.m., New York City time, on February 26, 2020, has been extended to 5:00 p.m., New York City time, on March 4, 2020, unless further extended or earlier terminated by the Company. The delivery of Securities tendered by the guaranteed delivery procedures must be made no later than 5:00 p.m., New York City time, on March 6, 2020, which is the second business day after the Expiration Date, unless further extended. Tendered Securities may be withdrawn from the Tender Offer prior to the Expiration Date.

Holders of Securities are urged to read the Offer Documents carefully. Except as described in this press release, all terms and conditions of the Tender Offer as described in the Offer Documents are unchanged.  The Tender Offer is not conditioned upon any minimum amount of Securities being tendered.  However, the Tender Offer is subject to, and conditioned upon, the satisfaction or waiver of certain conditions set forth in the Offer Documents.

As of 5:00 p.m., New York City time, on February 26, 2020, U.S.$310,413,00 aggregate principal amount of the Securities were validly tendered and not validly withdrawn in the Tender Offer.

For additional information regarding the terms of the Tender Offer, please contact the dealer managers for the Tender Offer, BofA Securities, Inc., Attn: Liability Management Group, One Bryant Park, New York, NY 10036, (888) 292-0070 (toll-free), (646) 855-8998 (collect), J.P. Morgan Securities LLC, Attn: Latin American Debt Capital Markets, (866) 846-2874 (toll-free), (212) 834-7279 (collect), or Scotia Capital (USA) Inc. Attn: Debt Capital Markets, (800) 372-3930 (toll-free), (212) 225-5559 (collect). 

All deliveries and correspondence sent to the Tender and Information Agent should be directed to Global Bondholder Services Corporation, 65 Broadway – Suite 404, New York, New York 10006, Attn: Corporate Actions.

Neither the U.S. Securities and Exchange Commission, any U.S. state securities commission nor any regulatory authority of any other country has approved or disapproved of the Tender Offer, passed upon the merits or fairness of the Tender Offer or passed upon the adequacy or accuracy of the disclosure in the Offer Documents.


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