Cosan Luxembourg Announces Receipt Of Requisite Consents
SAO PAULO, June 19, 2014 /PRNewswire/ -- Cosan Luxembourg S.A. ("Cosan Luxembourg") announced today that it has successfully concluded its previously-announced Consent Solicitation for a one-time waiver with respect to certain restrictive covenants contained in the indentures governing Cosan Luxembourg's U.S.$500,000,000 aggregate principal amount of 5.000% Senior Notes due 2023 and R$850,000,000 aggregate principal amount of 9.500% Senior Notes due 2018 (the "Notes").
As a result of the successful Consent Solicitation, Cosan S.A. Industria e Comercio ("Cosan") may, in its sole discretion should Cosan decide to consummate the transactions, distribute all of its equity interests in Novo Rumo Logistica S.A., which in turn owns 75% of Rumo Logistica Operadora Multimodal S.A., or any other logistics entity of Cosan, to shareholders of Cosan and to distribute all of its equity interests in Radar Propriedades Agricolas S.A. to shareholders of Cosan.
Details of the Solicitation are contained in Cosan Luxembourg's Solicitation Statement, dated June 4, 2014 and the related Letter of Consent.
The Solicitation Agents are Banco Bradesco BBI S.A., BTG Pactual US Capital LLC, Itau BBA USA Securities, Inc., Merrill Lynch Pierce Fenner & Smith Incorporated and Morgan Stanley & Co. LLC. Please direct any questions or requests for assistance to BofA Merrill Lynch at +1 (888) 292-0070 (toll free) or +1 (646) 855-8988 (collect), or Morgan Stanley at +1 (800) 624-1808 (toll free) or +1 (212) 761-1057 (collect).
THIS PRESS RELEASE IS NOT A SOLICITATION OF CONSENTS WITH RESPECT TO ANY NOTES. THE SOLICITATION IS BEING MADE SOLELY BY THE SOLICITATION STATEMENT. THE SOLICITATION IS NOT BEING MADE TO, NOR WILL COSAN ACCEPT DELIVERIES OF CONSENTS FROM, HOLDERS IN ANY JURISDICTION IN WHICH THE SOLICITATION OR THE ACCEPTANCE THEREOF WOULD NOT BE IN COMPLIANCE WITH THE SECURITIES OR BLUE SKY LAWS OF SUCH JURISDICTION.
SOURCE Cosan Luxembourg S.A.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article