SURA Asset Management S.A. (the “Company”) announced today that it has terminated its previously announced tender offer to purchase for cash (the “Tender Offer”) up to U.S.$175 million in aggregate principal amount of its 4.375% Senior Guaranteed Notes due 2027 (the “Notes”), the terms and conditions of which are described in an Offer to Purchase dated March 31, 2025 (the “Offer to Purchase”), as a result of the Financing Condition (as defined in the Offer to Purchase) not having been satisfied.
The Company's obligation to consummate the Tender Offer by accepting for purchase, and paying for, any Notes validly tendered (and not validly withdrawn) was conditioned upon, among other things, the satisfaction or waiver by the Company of the Financing Condition. Due to the recent global market volatility, the Company has determined it is inadvisable to proceed with the consummation of the New Notes Offering (as defined in the Offer to Purchase) at the present time, as such the Financing Condition has not been satisfied. The Company will evaluate the appropriate market conditions to carry out the transaction in the future.
As a result of the termination of the Tender Offer, no Notes will be purchased in the Tender Offer and no consideration will be paid for any of the tendered Notes. All Notes previously tendered and not withdrawn will be promptly returned to their respective tendering holders.
This press release constitutes a formal termination of the Tender Offer, which was made pursuant to the terms and conditions set forth in the Offer to Purchase. This press release is for informational purposes only and is not an offer to buy, or the solicitation of an offer to sell, any securities.
Holders of Notes who have questions or would like additional information about the Tender Offer may contact Global Bondholder Services Corporation (GBSC), the information agent and the tender agent for the Tender Offer via email at contact@gbsc-usa.com, or by calling collect: +1 (212) 430-3774 (banks and brokers) or toll free: +1 (855) 654-2015 (all others), or the Dealer Managers (as defined in the Offer to Purchase) at the following telephone numbers and email addresses:
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements. Actual results may differ materially from those reflected in the forward-looking statements. the Company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements which may be made to reflect events or circumstances after the date hereof, including, without limitation, changes in our business or acquisition strategy or planned capital expenditures, or to reflect the occurrence of unanticipated events.
About the Company
We are a leading asset management firm specializing in retirement savings solutions, and investment solutions for individuals, corporates and financial institutions primarily in Latin America. We manage a diversified portfolio of products, including mandatory and voluntary retirement savings and annuities, advisory for wealth management, corporate benefit solutions and investment management strategies for insurance companies and financial institutions.
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SOURCE SURA Asset Management S.A.
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