This announcement shouldn’t be for distribution within the United States or in every other jurisdiction during which its distribution wouldn’t be in compliance with relevant securities legislation, and it’s not a proposal to promote, or a solicitation of a proposal to purchase, any securities, and doesn’t represent an invite or a solicitation of a proposal to accumulate, buy or subscribe for securities or an invite to enter into an settlement to do any such issues.
RIO DE JANEIRO, April 21, 2022 /PRNewswire/ — Oi S.A. – In Judicial Reorganization (the “Offeror”) introduced as we speak the expiration and outcomes of its tender provide to buy for money (the “Tender Offer”) any and all of its excellent 8.750% Senior Secured Notes due 2026 (the “Notes”). The Tender Offer was made by the Offeror in accordance with, and in satisfaction of the Offeror’s obligations underneath, Section 4.07 of the indenture, dated as of July 30, 2021, governing the Notes.
The Tender Offer expired at 5:00 p.m., New York City time, on April 20, 2022 (the “Expiration Time”).
The Offeror has been suggested that, as of the publication of this discover, U.S.$868,643,000 in mixture principal quantity of the Notes, representing roughly 98.71% of the combination excellent principal quantity of the Notes, have been validly tendered (and never validly withdrawn) pursuant to the Tender Offer. The Offeror has accepted for buy all the Notes that had been validly tendered (and never validly withdrawn) previous to the publication of this discover. The Tender Offer is predicted to decide on April 26, 2022 (the “Payment Date”). Holders of the Notes that had been validly tendered (and never validly withdrawn) previous to the publication of this discover will obtain U.S.$1,029.17 for every U.S.$1,000 principal quantity of Notes validly tendered (and never validly withdrawn) and accepted for buy, plus accrued and unpaid curiosity, if any, on the Notes accepted for buy from and together with the final curiosity fee date previous the Payment Date to, however not together with, the Payment Date.
The Tender Offer was performed on the phrases, and topic to the circumstances, set forth within the Offer to Purchase, dated April 13, 2022, and the associated Notice of Guaranteed Delivery (collectively, the “Offer Documents”). Copies of the Offer Documents can be found to holders of Notes from Global Bondholder Services Corporation, the knowledge and tender agent for the Tender Offer at +1 212 855-654-2015 (toll free), +1 212-430-3774 (accumulate), firstname.lastname@example.org and https://www.gbsc-usa.com/oi.
Neither the Offer Documents nor any associated paperwork have been filed with the U.S. Securities and Exchange Commission, nor have any such paperwork been filed with or reviewed by any federal or state securities fee or regulatory authority of any nation. No authority has handed upon the accuracy or adequacy of the Offer Documents or any associated paperwork, and it’s illegal and could also be a felony offense to make any illustration on the contrary.
This announcement shouldn’t be a proposal to promote, or a solicitation of a proposal to purchase, any Notes. The Tender Offer was made solely by the Offeror pursuant to the Offer Documents. The Tender Offer was not made to, nor has the Offeror accepted tenders of Notes from, holders in any jurisdiction during which the Tender Offer or the acceptance thereof wouldn’t be in compliance with relevant securities legal guidelines.
Special Note Regarding Forward-Looking Statements
This press launch comprises sure forward-looking statements. Statements that aren’t historic details, together with statements about our beliefs and expectations, are forward-looking statements. The phrases “maintain”, “plans” and “intends” and comparable expressions, as they relate to the Offeror, are meant to establish forward-looking statements. Such statements replicate the present views of administration and are topic to various dangers and uncertainties. The statements are primarily based on many assumptions and elements, together with normal financial and market circumstances, trade circumstances, and working elements. Any adjustments in such assumptions or elements might trigger precise outcomes to vary materially from present expectations. Undue reliance shouldn’t be positioned on such statements. Forward-looking statements communicate just for the date they’re made.