Mastellone Hermanos S.A. Announces Results Of Early Participation Period For Its Offer To Purchase And Exchange

BUENOS AIRES, Argentina, June 27, 2014 /PRNewswire/ -- Reference is made to the offer by Mastellone Hermanos S.A., (the "Company"), to purchase and exchange (the "Offer"), pursuant to the terms and conditions contained in the Company's Offer to Purchase and Exchange dated June 4, 2014, as amended on June 17, 2014. 

The Company hereby announces the results of the early participation period that expired on June 25, 2014 (the "Early Participation Deadline"). As of the Early Participation Deadline: U.S.$130,727,320.00 aggregate original principal amount of the Series A Notes were validly tendered and accepted, representing 94.52% of the total principal amount of Series A Notes outstanding; U.S.$ 3,386,405.00 aggregate original principal amount of the Series C Notes were validly tendered and accepted, representing 100.00% of the total principal amount of Series C Notes outstanding; U.S.$722,348.00 aggregate original principal amount of the Series B Notes were validly tendered and accepted, representing 100.00% of the total principal amount of Series B Notes outstanding and; U.S.$8,885,688.00 aggregate original principal amount of the Series D Notes were validly tendered and accepted, representing 88.86% of the total principal amount of Series D Notes outstanding, in each case, without giving effect to principal amortizations previously made and to be made on June 30, 2014. No Fixed Rate Debt or Floating Rate Debt was tendered or accepted. 

Holders of Existing Debt who still wish to participate in the Offer must tender their Existing Debt by 5:00 PM New York City time on July 8, 2014. Such holders will only receive the Tender Consideration or Exchange Consideration, as applicable. 

We have engaged Merrill Lynch, Pierce, Fenner & Smith Incorporated and Deutsche Bank Securities Inc. to act as dealer managers in the United States of America, Bondholder Communications Group, LLC to act as Information and Exchange Agent and Banco Santander Rio S.A. as Administrative Agent.

The Offer is being made only to holders who have properly completed, executed and delivered to the Information, Tender  and Exchange Agent a certification, whereby such holder has represented to the Company that it is (i) a "qualified institutional buyer," or "QIB," as defined in Rule 144A under the Securities Act of 1933, as amended (the "Securities Act") and under applicable state securities laws; or (ii) a "non-US Person" (as defined in Regulation S under the Securities Act), and if in any member state of the European Economic Area which has implemented Directive 2003/71/EC (the "Prospectus Directive," which term includes amendments thereto, including Directive 2010/73/EU), a "qualified investor" (as defined in the Prospectus Directive) and in each case may lawfully participate in the Offer in accordance with the laws of the jurisdiction in which it is located.

Informational documents relating to the Offer, including but not limited to the Offer to Purchase and Exchange, will only be distributed to eligible investors who submit the certification described above.  If you would like to submit the certification, please log-into the website www.bondcom.com/mastellone. Eligible investors will then receive via e-mail a personalized password granting them access to the Offer to Purchase and Exchange. Alternatively, please contact the information agent Bondholder Communications Group, LLC, Attention: Martha Herrera, E-mail: [email protected], Telephone in USA: +1 212 809 2663, Telephone in the United Kingdom: +44 20 7382 4580. Requests for documentation should be directed to the information agent. Questions regarding the transaction should be directed to Merrill Lynch, Pierce, Fenner & Smith Incorporated at +1 (646) 855-3401 (call collect) or +1 (888) 292-0070 (U.S. toll free), or to Deutsche Bank Securities Inc. at +1 (212) 250-2955 (collect)  or +1(866) 627-0391 (U.S. toll free).

Beneficial owners of Existing Debt should carefully read the Offer to Purchase and Exchange regarding the relevant procedures and timing to tender their Existing Debt.

THIS PRESS RELEASE IS NOT AN OFFER FOR SALE OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES OR IN ANY OTHER JURISDICTION WHERE SUCH OFFER IS PROHIBITED, AND SUCH SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED. THE COMPANY DOES NOT INTEND TO REGISTER ANY SUCH SECURITIES IN THE UNITED STATES OR TO CONDUCT A PUBLIC OFFERING OF SUCH SECURITIES IN ANY JURISDICTION EXCEPT ARGENTINA.

The Offer is being made solely pursuant to the Offer to Purchase and Exchange, and only to such persons and in such jurisdictions as are permitted under applicable law.

SOURCE Mastellone Hermanos S.A.

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