SOURCE: Cerveceria Nacional Dominicana

March 05, 2008 08:54 ET

Cervecería Nacional Dominicana, C. por A. Announces Expiration of Early Tender Time and Withdrawal Deadline in Connection With Its Tender Offer for 8.000% Senior Notes Due 2014

SANTO DOMINGO, DOMINICAN REPUBLIC--(Marketwire - March 5, 2008) - Cervecería Nacional Dominicana, C. por A. (the "Company") announced today, that in connection with its previously announced cash tender offer (the "Tender Offer") for up to US$130,000,000 aggregate principal amount of the outstanding US$205,001,000 8.000% Senior Notes due 2014 (the "Notes") (CUSIP 157107AB9, P24028AB1 / ISIN US157107AB98, USP24028AB16 / Common Codes 029364761, 029375950) each of the "Early Tender Time" and the "Withdrawal Deadline" expired at 5:00 p.m., New York City time on Tuesday, March 4, 2008. As of 5:00 p.m. New York City time, on Tuesday, March 4, 2008, US$118,688,000 aggregate principal amount of Notes had been tendered pursuant to the Tender Offer.

The Tender Offer will expire at 5:00 p.m. New York City time on Monday, March 17, 2008 unless extended. Holders who tender their Notes after 5:00 p.m. New York City time on March 4, 2008, but before the expiration of the Tender Offer, will be entitled to receive the purchase price of US$1,020 per US$1,000 principal amount of Notes accepted for purchase but will not be entitled to receive the early tender payment of US$15 per US$1,000 principal amount of Notes accepted for purchase.

The complete terms and conditions of the Tender Offer are described in the Offer to Purchase, dated February 15, 2008, of the Company (the "Offer to Purchase"), as amended by the Company's news release dated March 3, 2008.

The Company has engaged Standard Bank Plc to act as dealer manager in connection with the Tender Offer. The Company has engaged Bondholder Communications Group to act as information and tender agent in connection with the Tender Offer. Any questions or requests for assistance may be directed to Standard Bank Plc at +44(0)20 78153142 or to its affiliate Standard New York Securities, Inc. at (212) 407-5174. Requests for documentation may be directed to Bondholder Communications Group, the information and tender agent for the Tender Offer, attention Chloe Daniels at cdaniels@bondcom.com or by calling (212) 809-2663 (New York Office) or +44(0)20 73824580 (London Office). Documents can also be obtained by accessing the information and tender agent's website for the Tender Offer: www.bondcom.com/cnd.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The Tender Offer is being made solely by the Offer to Purchase dated February 15, 2008, as supplemented by the Company's press release dated March 3, 2008.

The Tender Offer is not being made in Italy.

The applicable provisions of the United Kingdom's Financial Services and Markets Act of 2000 must be complied with in respect of anything done in relation to the Tender Offer in, from or otherwise involving the United Kingdom.

The Offer to Purchase is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Articles 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). Any investment or investment activity to which the Offer to Purchase relates is available only to relevant persons and will be engaged in only with relevant persons. Any person who is not a relevant person should not act or rely on the Offer to Purchase or any of its contents.

Contact Information

  • Contact:
    Bondholder Communications Group
    Chloe Daniels
    +1 212 809 2663
    website: www.bondcom.com/cnd