Cobre del Mayo, S.A. de C.V. Announces New Expected Settlement Date of its Exchange Offer

http://news.sys-con.com/node/3659247

MEXICO CITY, Feb. 1, 2016 /PRNewswire/ — Cobre del Mayo, S.A. de C.V. (“CDM” or “we”) announced that February 9, 2016 is expected to be the settlement date of its previously announced offer (the “Exchange Offer”) to eligible noteholders to exchange any and all of its outstanding approximately $217.2 million aggregate principal amount of 10.75% Senior Notes due 2018 (ISIN: XS0996338322; Common Code: 099633832) (the “Existing Notes”) for approximately (i) $119.5 million aggregate principal amount of Senior Secured PIK Toggle Notes due 2021 (ISIN: XS1354863612 and XS1354862564; Common Code:  135486361 and 135486256) (the “Secured Notes”), plus additional Secured Notes in the amount of accrued and unpaid interest to but excluding the settlement date of the Exchange Offer, plus (ii) approximately $97.8 million aggregate principal amount of Junior Non-Interest Bearing 2045 Notes (ISIN: XS1354864693 and  XS1354864347; Common Code: 135486469 and 135486434) (the “Junior Notes” and together with the Secured Notes, the “New Notes”).

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