Canacol Energy Ltd. announces the early tender results of the cash tender offer and consent solicitation for 7.250% Senior Notes due 2025
CALGARY, AB, Nov. 22, 2021 /PRNewswire/ -- Canacol Energy Ltd. (TSX:CNE) (OTCQX:CNNEF) (BVC:CNE.C) ("Canacol") and Credit Suisse Securities (USA) LLC (the "Purchaser") today announced the early tender results in connection with the previously-announced offer by the Purchaser (directly or through an affiliate) to purchase for cash (the "Tender Offer"), and consent solicitation (the "Consent Solicitation") with respect to, any and all of Canacol's outstanding 7.250% Senior Notes due 2025 (the "Notes") from each registered holder of the Notes (each, a "Holder" and, collectively, the "Holders"). The early tender deadline for the Tender Offer and the Consent Solicitation was 5:00 p.m., New York City time, on November 22, 2021 (such date and time, the "Early Tender Time" and "Withdrawal Deadline"). The terms and conditions of the Tender Offer and the Consent Solicitation are described in the offer to purchase and consent solicitation statement dated November 8, 2021 (the "Statement") previously distributed to the Holders.
- The Tender Offer and Solicitation are made only by and pursuant to the terms of the Statement and the information in this notice is qualified by reference to the Statement.
- None of the Purchaser, Canacol, the Dealer Managers or the Information Agent and Tender Agent makes any recommendations as to whether Holders should tender their Notes pursuant to the Tender Offer and deliver their Consents pursuant to the Solicitation.
- This notice to the market does not represent an offer to sell securities or a solicitation to buy securities inthe United Statesor in any other jurisdiction.
- In particular, forward-looking statements herein include, but are not limited to, statements relating to the proposed Tender Offer and New Offering.