General Announcement::Cash tender offer and consent solicitation with respect to its 2025 senior notes

Issuer & Securities

Issuer/ Manager
CANACOL ENERGY LTD.
Securities
CANACOLENE US$320M7.25%250503A - US134808AC80 - 8UAB
CANACOLENE US$320M7.25%250503R - USU13518AB81 - 8UBB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
08-Nov-2021 23:04:09
Status
New
Announcement Sub Title
Cash tender offer and consent solicitation with respect to its 2025 senior notes
Announcement Reference
SG211108OTHRQJ61
Submitted By (Co./ Ind. Name)
Canacol Energy Ltd.
Designation
SGX-ST
Effective Date and Time of the event
08/11/2021 16:00:00
Description (Please provide a detailed description of the event in the box below)
Canacol Energy Ltd. (TSX:CNE) (OTCQX:CNNEF) (BVC:CNE.C) ("Canacol") and Credit Suisse Securities (USA) LLC (the "Purchaser") today announced the commencement of an offer by the Purchaser to purchase for cash (the "Tender Offer") any and all of the outstanding 7.250% Senior Notes due 2025 (the "Notes") issued by Canacol from each registered holder of the Notes (each, a "Holder" and, collectively, the "Holders"). The Tender Offer is being made pursuant to the offer to purchase and consent solicitation statement dated November [8], 2021 (the "Offer and Solicitation Statement").
In connection with the Tender Offer, the Purchaser is also soliciting (the "Solicitation"), with respect to the Notes, consents (the "Consents") to proposed amendments (the "Proposed Amendments") to the Notes and the indenture dated May 3, 2018 (as amended and supplemented to the date hereof, the "Indenture") between Canacol, the guarantors thereto and Citibank, N.A., as trustee (the "Trustee"), under which the Notes were issued, providing for, among other things, elimination of substantially all restrictive covenants in the Indenture.

Attachments

Canacol - Tender Offer Press Release .pdf
Total size =106K