HOUSTON, Sept. 9, 2022 /PRNewswire/ — CITGO Holding, Inc., a Delaware corporation (the “Company“), today announced the expiration and final results of its previously announced offer to purchase (the “Offer“) for cash up to $286.231 million in aggregate principal amount (the “Excess Cash Flow Offer Amount“) of its 9.25% Senior Secured Notes due 2024 (the “Notes“) at a purchase price equal to 100% of the principal amount of the Notes to be repurchased, plus accrued and unpaid interest to, but excluding, the settlement date, on the terms and subject to the conditions set forth in the Offer to Purchase , dated August 11, 2022 (the “Offer to Purchase“).
The Offer expired at 5:00 pm, New York City time, on September 9, 2022 (the “Expiration Time“). As of the Expiration Time, $12.282 million in aggregate principal amount of the Notes had been validly tendered and not validly withdrawn prior to the Expiration Time.
Because the aggregate principal amount for all Notes tendered in the Offer did not exceed the Excess Cash Flow Offer Amount of $286.231 millionthe Company will purchase $12.282 million aggregate principal amount of Notes pursuant to the Offer. Payment for such accepted Notes will be made on September 16, 2022. After giving effect to the purchase of the tendered and accepted Notes, approximately $1.358 billion in aggregate principal amount of the Notes will remain outstanding.
The Notes are governed by an indenture, dated as of August…