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UNIFIN Financiera sees 86.2% take-up on senior note tender offer

saidOct. 6 that it saw a roughly 86.2% take-up on its tender offer to repurchase all of its outstanding 6.250%senior notes due 2019.

As of the tenderoffer's Oct. 5 expiration, the Mexican company received valid tenders and consentsworth about $316.0 million, representing approximately 86.19% of the total outstandingprincipal amount. The final tally includes some $311.9 million worth of notes tenderedduring the early tenderperiod, which ended Sept. 21.

Holders whovalidly tendered their notes prior to the early tender deadline received a tenderoffer consideration of $1,050.00 for every $1,000.00 in principal amount of notesvalidly tendered. Holders who tendered after the early tender deadline received$1,020.00 for each $1,000.00 in principal amount of notes validly tendered.

The companyreiterated that the results give it enough consents to approve proposed amendmentsto the indenture under which the notes were issued, including the removal of certainevents of default and a shortening of the minimum notice period to holders requiredfor redemption.