Crédito Real, S.A.B. de C.V., Sociedad Financiera de Objeto Múltiple, Entidad No Regulada Announces Tender Offer for Up to USD 300,000,000 of its 7.250% Senior Notes Due 2023
September 12, 2019 at 12:42 pm EDT
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Crédito Real, S.A.B. de C.V., Sociedad Financiera de Objeto Múltiple, Entidad No Regulada announced on September 12, 2019, that it commenced a tender offer to purchase for cash (the "Tender Offer"), up to USD 300,000,000 aggregate principal amount outstanding (the "Maximum Tender Amount") of its 7.250% Senior Notes due 2023 (the "Notes") (CUSIP Nos. 22548WAA0 /P32457AA4; ISIN Nos. US22548WAA09 /USP32457AA44; and Common Code Nos. 145496446 /145435706). The Tender Offer is being made on the terms and subject to the conditions set forth in the Offer to Purchase dated September 12, 2019 and related letter of transmittal. The Tender Offer will expire at 11:59 p.m. New York City time, on October 9, 2019, unless extended or earlier terminated by the Company in its sole discretion, subject to applicable law. The purpose of the Tender Offer is to acquire outstanding Notes up to the Maximum Tender Amount, which will allow to extend the maturity profile of existing debt. The consideration for the Notes validly tendered (and not validly withdrawn) pursuant to the Offer to Purchase and accepted for purchase pursuant to the Tender Offer is USD 1,036.25 for each USD 1,000 principal amount of the Notes. Subject to the terms and conditions set forth in the Offer to Purchase, the Company is also offering to pay the Early Tender Payment to each holder of Notes who validly tenders (and does not validly withdraw) its Notes, at or prior to 5:00 p.m., New York City time, on September 25, 2019, unless extended or earlier terminated (such time and date, as the same may be extended or earlier terminated, the "Early Tender Deadline").
Credito Real SAB de CV SOFOM ENR, formerly known as Credito Real SAB de CV Sofom ER, is a Mexico-based company that provides consumer financing. The Company provides loans, either by providing direct financing to consumers or by establishing financing programs with consumer financing dealers that sell to Credito Real the collection rights from consumer financing products. Additionally, It provides financing directly to individuals that are employed by corporations with payroll deduction agreements with consumer financing dealers authorized by Credito Real. It operates through a number of subsidiaries, including AFS Acceptance LLC.
Crédito Real, S.A.B. de C.V., Sociedad Financiera de Objeto Múltiple, Entidad No Regulada Announces Tender Offer for Up to USD 300,000,000 of its 7.250% Senior Notes Due 2023
CRÉDITO REAL, S.A.B. DE C.V., SOCIEDAD FINANCIERA DE OBJETO MÚLTIPLE, ENTIDAD NO REGULADA 
