ContourGlobal Announces The Settlement Of Its Tender Offer For Any And All Of Its 7.125% Senior Secured Notes Due 2019

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ContourGlobal

17 Jun, 2016, 14:39 GMT

LUXEMBOURG, June 17, 2016 /PRNewswire/ -- ContourGlobal Power Holdings S.A. (the "Issuer") today announced the settlement of its previously announced cash tender offer (the "Tender Offer") for any and all of its outstanding 7.125% senior secured notes due 2019 (the "Notes"), which expired at 5:00 p.m., New York City time, on June 14, 2016 (the "Expiration Time"). In accordance with the terms of the Tender Offer, the Issuer accepted for purchase $256,599,000 aggregate principal amount of the outstanding Notes (approximately 51.32%), representing all such Notes that were validly tendered and not withdrawn as of the Expiration Time.

The Issuer intends to redeem all Notes not purchased in the Tender Offer on July 6, 2016.

This press release is for informational purposes only and is not an offer to purchase or a solicitation of an offer to purchase or sell the Notes or any other securities, nor shall there be any purchase of the Notes in any state or jurisdiction in which such offer, solicitation or purchase would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

About ContourGlobal

The Issuer is a finance subsidiary wholly-owned by ContourGlobal L.P., a Cayman Islands exempted limited partnership (together with its consolidated subsidiaries, "ContourGlobal"). ContourGlobal is a premier developer and operator of wholesale electric power generation businesses in 20 countries worldwide.

Forward Looking Statements

This press release contains forward-looking statements. Actual results may differ materially from those reflected in the forward-looking statements. The Issuer undertakes no obligation to release publicly the result of any revisions to these forward-looking statements which may be made to reflect events or circumstances after the date hereof, including, without limitation, changes in ContourGlobal's business or to reflect the occurrence of unanticipated events.