Cerveceria Nacional Dominicana, S.A. Announces the Expiration and Final Results of Its Tender Offer

Cerveceria Nacional Dominicana, S.A. Announces the Expiration and Final Results of Its Tender Offer

PR Newswire

SANTO DOMINGO, Dominican Republic, May 9, 2011 /PRNewswire/ — Cerveceria Nacional Dominicana, S.A. (the “Company”) announced today the expiration and final results of its cash tender offer (the “Tender Offer”) for any and all of its outstanding US$165 million 16.000% Dominican Peso Linked Senior Notes due 2012 (the “Notes”) (CUSIP: P24028AA3, 157107AA1 / ISIN: USP24028AA33, US157107AA16 / Common Codes: 029364788, 029407983), which expired at 5:00 p.m., New York City time, on Thursday, May 5, 2011 (the “Expiration Time”).

The total principal amount of Notes validly tendered and accepted for purchase pursuant to the Tender Offer was $117,320,000. Holders of Notes who validly tendered their Notes prior to 5:00 p.m., New York City time, on April 20, 2011 (the “Early Tender Time”) received the “Total Consideration” of US$913.53, which included an “Early Tender Payment” of US$30.00 per US$1,000 principal amount of Notes, plus any Accrued Interest (as defined in the Offer to Purchase). Holders of Notes who validly tendered their Notes after the Early Tender Time but at or prior to the Expiration Time received the “Purchase Price” of US$883.53, which consisted of the Total Consideration minus the Early Tender Payment. The Company paid for all such validly tendered Notes on May 9, 2011.

The complete terms and conditions of the Tender Offer were described in the Offer to Purchase dated April 7, 2011 (the “Offer to Purchase”), and the related Letter of Transmittal. Lazard Freres & Co., LLC and MBA Lazard Banco de Inversiones S.A. acted as advisor and Citigroup Global Markets Inc. acted as dealer manager in connection with the Tender Offer. Questions regarding the Tender Offer may be directed to Citigroup Global Markets Inc. at (212) 723-6108 (collect) or (800) 558-3745 (U.S. toll-free). Requests for documentation may be directed to D. F. King & Co., Inc., the information and tender agent for the Tender Offer, at (212) 269-5550 or (44) 20 7920 9700 (for banks and brokers) or (888) 644-5854 (U.S. toll-free) or as otherwise provided on the back cover of the Offer to Purchase.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The Tender Offer was made solely by the Offer to Purchase.

SOURCE Cerveceria Nacional Dominicana, S.A.

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