BELMOPAN, Belize, Oct. 15, 2021 /PRNewswire/ -- The Government of
Belize (the "Government")
is announcing an extension of the Expiration Time for its Offer (as
described in its offer to purchase and consent solicitation
statement, dated September 13, 2021
(as amended, modified and supplemented, the "Statement")) to
October 22, 2021 at 5 p.m. New York
City time (unless further extended by the
Government). Capitalized terms used and not defined herein
shall have the respective meanings set forth in the Statement.
As previously announced on September 24,
2021, the Government has received the requisite number of
Tender Orders for its Offer to satisfy the Super-Majority Consent
Condition set forth in the Statement. Belize's press release
announcing the successful results, and supplementing certain terms,
of its Offer, dated September 24,
2021, is available at:
https://www.centralbank.org.bz/news/details?newsid=359.
The Offer and Exit Amendments set forth in the Statement remain
subject to the satisfaction of the Financing Condition and General
Conditions described in the Statement. Holders of Bonds that
have not yet submitted Tender Orders may do so prior to the
Expiration Time (as extended). Any Eligible Holder who tenders
Bonds after September 24, 2021 (the
Consent Deadline) but prior to the Expiration Time (as extended),
will be eligible to receive the Purchase Price and the Contingency
Account Distribution on the Settlement Date, but will not be
eligible to receive the Accrued Interest Payment.
As previously announced, if the Indenture is amended as proposed
in the Statement, any Bonds that are not validly tendered prior to
the Expiration Time will be redeemed and cancelled on the
Redemption Date, which will be the Settlement Date. Holders of
such redeemed Bonds as of the Redemption Date will be entitled only
to the Redemption Price (which is equal to the Purchase Price) and
the Contingency Account Distribution. Holders of redeemed
Bonds will not be entitled to receive any accrued and unpaid
interest or any other additional amount. In order for a Holder
of redeemed Bonds to receive the Redemption Price and the
Contingency Account Distribution, the applicable DTC Participant
will be required to deliver a Redemption Certification Form
representing, among other things, that such Holder was the
beneficial owner of the applicable redeemed Bonds as of the
Redemption Date.
Citigroup Global Markets Inc. is acting as the Financial Advisor
and ESG Structuring Advisor to Belize. In connection with the Offer and the
Consent Solicitation, Citigroup Global Markets Inc. is acting as
Dealer Manager and Global Bondholder Services Corporation is
serving as Information and Tender Agent in connection with the
Offer and Consent Solicitation.
Any questions or requests for assistance concerning the Offer
should be directed to the Dealer Manager or the Information and
Tender Agent at its applicable address and telephone number set
forth below. Requests for assistance in completing and
delivering Tender Orders and the Tendering Holder Certification
Form or requests for additional copies of the Statement and other
related documents should be directed to the Information and Tender
Agent at its address and telephone number below:
Information and Tender Agent
Global Bondholder Services Corporation
65 Broadway, Suite 404
New York, New York 10006
Attn: Corporate Actions
Email: contact@gbsc-usa.com
Banks and Brokers Call: +1 (212) 430-3774
Toll Free: (866) 470-3700
Financial Advisor and ESG Structuring
Advisor
and
Dealer Manager
Citigroup Global Markets Inc.
388 Greenwich Street, 7th Floor
New York, New York 10013
Attn: Liability Management Group
Toll Free: (800) 558-3745
Collect: +1 (212) 723-6106
Important Notice
This press release is for informational purposes only and is
not an offer of securities for sale in the United States or a solicitation of
consents of any holders of securities, and none of the Bonds has
been or will be registered under the Securities Act of 1933 (the
"Securities Act") or the securities laws of any other jurisdiction.
Unless they are registered under the Securities Act, the Bonds may
be offered only in transactions that are exempt from registration
under the Securities Act. This press release does not constitute an
offer of the Bonds for sale, or the solicitation of an offer to buy
any securities, in any state or other jurisdiction in which any
offer, solicitation or sale would be unlawful. This press release
does not constitute, and may not be used in connection with, an
offer or solicitation in any place where offers or solicitations
are not permitted by law.
This press release and any other documents and/or materials
relating hereto is not being made and the press release and such
documents and/or materials have not been approved by an authorized
person for the purposes of section 21 of the Financial Services and
Markets Act 2000. Accordingly, this press release is not being made
and related documents and/or materials have not been distributed,
and must not be passed on, to persons in the United Kingdom ("UK") other than (i) persons
falling within Article 43(2) of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005 (as amended, the
"Order"), including existing members and creditors of Belize or (ii) any other persons to whom they
may otherwise lawfully be made in circumstances where section 21(1)
of the Financial Services and Markets Act 2000 (the "FSMA") does
not apply and (all such persons described in (i) and (ii) above
together being referred to as "Relevant Persons"). In the UK, any
investment or investment activity to which this press release or
any related documents and/or materials relate is available only to
Relevant Persons and will be engaged in only with Relevant Persons.
Any person in the UK who is not a Relevant Person should not act or
rely on this press release or any related documents and/or
materials or any of its or their contents.
NONE OF BELIZE OR ITS
ADVISORS NOR ANY OF THEIR RESPECTIVE OFFICIALS, DIRECTORS,
EMPLOYEES, AFFILIATES, AGENTS OR REPRESENTATIVES HAVE MADE ANY
RECOMMENDATION AS TO WHETHER HOLDERS SHOULD PARTICIPATE IN ANY
CONSENT SOLICITATION OR TENDER OFFER THAT MAY BE ANNOUNCED BY
BELIZE.
Forward-Looking Statements
This press release contains certain forward-looking
statements (as such term is defined in the Securities Act)
concerning Belize. These
statements are based upon beliefs of certain officials of
Belize and others as well as a
number of assumptions and estimates which are inherently subject to
significant uncertainties, many of which are beyond the control of
Belize. Future events may differ
materially from those expressed or implied by such forward-looking
statements. The words "anticipates," "believes," "contemplates,"
"estimates," "expects," "plans," "intends," "projections" and
similar expressions, as they relate to Belize, are intended to identify
forward-looking statements. Such statements reflect the current
views of Belize with respect to
future events and are subject to certain risks, uncertainties and
assumptions. Belize undertakes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
In light of these risks and uncertainties, there can be no
assurances that the events described or implied in the
forward-looking statements contained in this press release will in
fact occur.
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SOURCE The Government of Belize