Orbia Advance Corporation, S.A.B. de C.V. Announces Expiration and Expiration Date Results of Cash Tender Offer
May 24, 2021 at 08:30 am EDT
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Orbia Advance Corporation, S.A.B. de C.V. announced the expiration and expiration date results of the previously announced offer (the “Tender Offer”) to purchase for cash any and all of its outstanding USD 750,000,000 principal amount of 4.875% Senior Notes due 2022 (CUSIP/ISIN: 59284BAB4; P57908AD0 /US59284BAB45; USP57908AD01) (the “Securities”). The Tender Offer was made pursuant to the terms and conditions set out in the offer to purchase dated May 17, 2021 (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”). The Tender Offer expired on May 21, 2021 (the “Expiration Date”). The settlement date with respect to the Tender Offer is expected to be no later than three business days following the Expiration Date, or May 26, 2021, unless extended (such date, as the same may be extended, the “Settlement Date”). Tender Consideration: USD 1,055.75. Principal Amount Tendered and Accepted for Purchase: 322,688,000. Per USD 1,000 principal amount of Securities. Holders who validly tender Securities and whose Securities are accepted for purchase will also receive accrued and unpaid interest from, and including, the last interest payment date for the Securities to, but not including, the Settlement Date. Principal amount tendered and accepted for purchase does not include USD 15,825,000 principal amount of Securities reflected in Notices of Guaranteed Delivery delivered prior to the Expiration Date that may be delivered pursuant to the guaranteed delivery procedures described in the Offer to Purchase.
Orbia Advance Corporation SAB de CV, formerly Mexichem SAB de CV, is a Mexico-based company engaged in the industrial sector. The Companyâs activities are divided into five business groups: Precision Agriculture, Building & Infrastructure, Fluor, Data Communication and Polymer Solutions. The Precision Agriculture business includes Netafim brand, which develops irrigation systems and related services, as well as offers technology for farming digitalization. The Building & Infrastructure business offers pipes for multiple building applications through Wavin brand. The Fluor business operates Koura brand, which manufactures fluorine-based materials used in such industries as healthcare, construction and transportation. The Data Communication business is responsible for production and installation of communication and power cables through Dura-Line brand. The Polymer Solutions business includes vestolit and alphagary brand names, which provides plastic resins and other compounds.
ORBIA ADVANCE CORPORATION, S.A.B. DE C.V. 
