Caue Finance Limited and Loma Negra Compania Industrial Argentina S.A. Announce Receipt of Requisite Consents and Execution of Supplemental Indentures

BUENOS AIRES, Argentina and GEORGE TOWN, Grand Cayman, Jan. 15 /PRNewswire/ -- Caue Finance Limited ("Caue Finance") and Loma Negra Compania Industrial Argentina S.A. ("Loma Negra" and, together with Caue Finance, the "Companies") today announced that with regard to their previously announced consent solicitations, Caue Finance received the requisite consents from the holders of Caue Finance's outstanding 8.875% Senior Notes due 2015 (the "2015 Notes") and Loma Negra received the requisite approvals from the holders of Loma Negra's outstanding 7.25% Senior Notes due 2013 (the "2013 Notes" and, together with the 2015 Notes, the "Notes") to amend the indentures governing the Notes to permit the Proposed Amendments (as defined below).  Each series of Notes is guaranteed by Camargo Correa Cimentos S.A. (the "Guarantor"), the parent entity of each Company.  

The Companies solicited consents in order to permit the distribution of equity interests ("Equity Interests") of Itausa -- Investimentos Itau S.A. and Usinas Siderurgicas de Minas Gerais S.A. -- USIMINAS held by the Guarantor to Camargo Correa S.A. ("CCSA"), the parent entity of the Guarantor (the "Proposed Amendments").  Supplemental indentures containing the Proposed Amendments have been executed.  

As of the expiration date of the consent solicitations, holders of $108,294,000 in aggregate principal amount of the 2015 Notes, or approximately 72.2% of the outstanding 2015 Notes, had validly delivered consents to the Proposed Amendments.  At the meeting of holders of the 2013 Notes, holders of $52,164,000 in aggregate principal amount of the 2013 Notes, or approximately 52.2% of the outstanding 2013 Notes, voted in favor of the Proposed Amendments.

Upon consummation of the consent solicitations, CCSA will issue, in favor of all holders of the Notes, a full and unconditional guarantee of the Companies' obligations under the Notes (the "CCSA Guarantee").  Although the CCSA Guarantee will be issued upon consummation of the consent solicitations, it will not become operative until the Guarantor makes the distribution of the Equity Interests to CCSA. 

BofA Merrill Lynch acted as the solicitation agent for the consent solicitations.  Questions regarding the consent solicitations may be directed to BofA Merrill Lynch at (888) 292-0070 (toll-free) and (646) 855-3401.

Neither the consent solicitations nor the CCSA Guarantee have been, nor will they be, registered under the Securities Act or any state securities laws.  The CCSA Guarantee may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements, and is therefore subject to important restrictions on transfer.

This press release is neither an offer to sell nor the solicitation of an offer to buy any security.  

SOURCE Caue Finance Limited; Loma Negra Compania Industrial Argentina S.A.

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