Embotelladora Andina S.A. Completes Issuance and Placement in the International Markets of Senior Notes
January 23, 2020 at 07:37 pm IST
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On January 22, Embotelladora Andina S.A. completed the issuance and placement in the international markets of senior notes in an aggregate principal amount of USD 300,000,000, due 2050, in an offer conducted in reliance upon Rule 144A and Regulation S under the U.S. Securities Act of 1933. The company may redeem the notes, in whole or in part, at any time and from time to time prior to July 21, 2049, at its option, at a redemption price equal to the greater of (1) 100% of the outstanding principal amount of the notes being redeemed, and (2) the sum of the present values of the remaining scheduled payments of principal and interest on the notes being redeemed to the Par Call Date discounted to the date of redemption on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the applicable Treasury Rate plus 30 basis points, in each case plus accrued and unpaid interest, if any, thereon to the date of redemption. The Company may also redeem the notes, in whole or in part, at any time and from time to time on or after July 21, 2049, at its option, at a redemption price equal to 100% of the principal amount of the notes being redeemed, plus accrued and unpaid interest thereon, if any to the date of redemption. Notice of a redemption must be given to each Holder not less than 7 days nor more than 60 days prior to the redemption date. Any redemption may be subject to conditions precedent set forth in the relevant notice of redemption.
Embotelladora Andina SA (Coca-Cola Andina) is a Chile-based beverage company. The main activity of the Firm is to manufacture, bottle, market and distribute the products registered under the name of The Coca-Cola Company (TCCC), as well as to market and distribute some brands of other companies such as Monster, Heineken, AB Inbev, Diageo and Capel, among others. The operating segments of the Company have been determined by geographic locations where it operates and holds licenses to produce, market and distribute products: Chile, Brazil, Argentina and Paraguay. The four segments identified develop their business through the production and sale of soft drinks, other beverages and packaging.