Grupo IDESA, S.A. de C.V. Announces Supplement to Offering Memorandum

MEXICO CITY, March 30, 2020 – — Grupo IDESA, S.A. de C.V. (the “Company”) today announced that it has issued a supplement (the “Supplement”) to amend the Offering Memorandum dated March 23, 2020 (the “Offering Memorandum”) to clarify information about the proposed collateral package for its exchange offer and consent solicitation (the “Offer and Solicitation”).

Eligible Holders (as defined below) of the Company’s 7.875% Senior Notes due 2020 (the “Existing Unsecured Notes”) should contact Global Bondholder Services Corporation, the Exchange and Information Agent, or click on the link below to obtain a copy of the Supplement to the Offering Memorandum.

To access the Supplement please visit:

https://inversionistas.idesa.com.mx/storage/Indigo%20-%20First%20Supplement%20to%20OM%20(Final).pdf 

The New Secured Notes have not been, and will not be, registered under the Securities Act or any state securities laws. Therefore, unless so registered, the New Secured Notes may not be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. 

The Company intends to apply to list the New Secured Notes on the Official List of the Luxembourg Stock Exchange and for trading on the Euro MTF Market.

The Offer and Solicitation are only made, and copies of the offering documents will only be made available, to a holder of the Existing Unsecured Notes who has certified its status as (1) both a “Qualified Purchaser” for purposes of Section 3(c)(7) under the Investment Company Act of 1940 and a “qualified institutional buyer” as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) or (2) a person who is not a “U.S. person” as defined in Rule 902(k) under the Securities Act who is not a “Disqualified Non-U.S. Holder” (each, an “Eligible Holder”). 

The Offer and Solicitation are subject to certain conditions, including the requirement that the Company receive valid tenders of at least 95% of the aggregate outstanding principal amount of Existing Unsecured Notes.

The Offer and Solicitation will expire at 5:00 p.m., New York City time, on April 17, 2020, unless extended by the Company in its sole discretion.  Existing Unsecured Notes tendered and consents delivered in the Offer and Solicitation will be irrevocable, except to the extent of any withdrawal rights required by applicable law.

THIS PRESS RELEASE IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY SECURITY.  THE OFFER AND SOLICITATION ARE BEING MADE SOLELY BY THE OFFERING MEMORANDUM THAT MAY BE OBTAINED FROM THE EXCHANGE AND INFORMATION AGENT AND ONLY TO SUCH PERSONS AND IN SUCH JURISDICTIONS AS IS PERMITTED UNDER APPLICABLE LAW.  ANY PUBLIC OFFERING OF SECURITIES TO BE MADE IN THE UNITED STATES WILL BE MADE BY MEANS OF A PROSPECTUS THAT MAY BE OBTAINED FROM THE COMPANY OR THE SELLING SECURITY HOLDER THAT WILL CONTAIN DETAILED INFORMATION ABOUT THE COMPANY AND MANAGEMENT, AS WELL AS FINANCIAL STATEMENTS. 

The New Secured Notes and Guarantees have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”).  The Offer and Solicitation are made, and the Total Exchange Consideration or the Base Exchange Consideration, as the case may be, are being offered in the United States only to U.S. Persons that are qualified purchasers (“Qualified Purchasers”) for purposes of Section 3(c)(7) under the Investment Company Act of 1940, as amended (the “1940 Act”) who are also qualified institutional buyers within the meaning of Rule 144A under the Securities Act (“Qualified Institutional Buyers”) and to non U.S. Persons as defined in Rule 902(K) under the Securities Act that are not a “Disqualified Non-U.S. Holder.”  The New Secured Notes are also being offered outside the United States in compliance with Regulation S under the Securities Act (“Regulation S”).  The Company, as issuer, has not been registered as an investment company under the 1940 Act.

Eligible Holders that wish to obtain additional information with respect to the Offer and Solicitation, including accessing the Offering Memorandum, please visit:
https://gbsc-usa.com/eligibility/grupoidesa

Exchange and Information Agent

Global Bondholder Services Corporation  

65 Broadway, Suite 404 
New York, NY 10006 

212-430-3774 (Banks and Brokers)  

866-470-3700 (toll free) 
[email protected] 

Attn: Corporate Actions

Rothschild & Co México, S.A. de C.V.

Daniel Nicolaievsky 

Managing Director and Co-Head 

Phone: +52 (55) 5327 1450 
[email protected] 

Victor Leclercq 

Managing Director and Co-Head 

Phone: +52 (55) 5327 1450 
[email protected] 

SOURCE Grupo IDESA, S.A. de C.V.

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