MEXICO CITY, June 12, 2014 (GLOBE NEWSWIRE) -- Empresas ICA, S.A.B. de C.V. (BMV: ICA ) (NYSE: ICA ), the largest infrastructure and construction company in Mexico, announced today the expiration and final results of its previously announced cash tender offer (the "Tender Offer") made to purchase up to U.S.$ 200 million (the "Maximum Tender Amount") of its outstanding U.S.$ 350 million aggregate principal amount of 8.375% Senior Notes due 2017 (the "Notes").
As of 12:00 midnight, New York City time, on June 11, 2014, the expiration date for the Tender Offer, U.S.$ 210,115,000 in aggregate principal amount of the Notes, representing 60.03% of the total outstanding principal amount of the Notes, were validly tendered and not withdrawn (including the previously announced U.S.$ 209,865,000 in aggregate principal amount of the Notes tendered at or prior to 5:00 pm, New York City time, on May 28, 2014, (the "Early Tender Deadline"), U.S.$ 200 million aggregate principal amount of which were previously accepted and paid for by ICA (on a prorated basis)).
Because the Tender Offer was fully subscribed as of the Early Tender Deadline and ICA did not increase the Maximum Tender Amount, holders who validly tendered Notes after the Early Tender Deadline will not have any of their Notes accepted for purchase.
ICA engaged Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. to act as Dealer Managers for the Tender Offer and D.F. King & Co., Inc. to act as Tender Agent and Information Agent for the Tender Offer. Questions regarding the terms of the Tender Offer may be directed to Credit Suisse Securities (USA) LLC at (800) 820-1653 or (212) 538-2147 (collect) and Deutsche Bank Securities Inc. at (855) 287-1922 or (212) 250-7527 (collect). Questions regarding procedures for tendering Notes or requests for documentation may be directed to D.F. King & Co., Inc. at (800) 549-6650 (toll free) or (212) 269-5550 (banks and brokers).
This press release may contain projections or other forward-looking statements related to ICA that reflect ICA's current expectations or beliefs concerning future events. Such forward-looking statements are subject to various risks and uncertainties and may differ materially from actual results or events due to important factors such as changes in general economic, business or political or other conditions in Mexico, Latin America or elsewhere, changes in capital markets in general that may affect policies or attitudes towards lending to Mexico or Mexican companies, changes in tax and other laws affecting ICA's businesses, increased costs, unanticipated increases in financing and other costs or the inability to obtain additional debt or equity financing on attractive terms and other factors set forth in ICA's most recent filing on Form 20-F and in any filing or submission ICA has made with the SEC subsequent to its most recent filing on Form 20-F. All forward-looking statements are based on information available to ICA on the date hereof, and ICA assumes no obligation to update such statements.
Empresas ICA, S.A.B. de C.V. is Mexico's largest infrastructure company. ICA carries out large-scale civil and industrial construction projects and operates a portfolio of long-term assets, including airports, toll roads, water systems, and real estate. Founded in 1947, lCA is listed on the Mexican and New York Stock exchanges. For more information, visit http://ri.ica.mx/
For more information contact: Ana Paulina Rubio Elena Garcia (5255) 5272 9991 ext.3608 Gabriel de la Concha, CIO Victor Bravo, CFO In the United States: Daniel Wilson, Zemi Communications (1212) 689 9560
