Latest news with #OrbiaAdvanceCorporation
Yahoo
29-05-2025
- Business
- Yahoo
ORBIA ADVANCE CORPORATION, S.A.B. DE C.V. ANNOUNCES THE TENDER RESULTS AND EXPIRATION TIME OF ITS CASH TENDER OFFER FOR ANY AND ALL OF THE OUTSTANDING U.S.$500,000,000 AGGREGATE PRINCIPAL AMOUNT OF 4.000% SENIOR NOTES DUE 2027 (CUSIP NOS. 59284BAF5/P57908AG3)
MEXICO CITY, May 28, 2025 /PRNewswire/ -- Orbia Advance Corporation, S.A.B. de C.V., a sociedad anónima bursátil de capital variable, organized under the laws of the United Mexican States ("Orbia") announced today the tender results and expiration time of its previously announced tender offer to purchase for cash any and all of the outstanding 4.000% Senior Notes due 2027 issued by Orbia (the "Notes") (the "Tender Offer"), upon the terms and subject to the conditions set forth in the offer to purchase dated May 21, 2025 (the "Offer to Purchase") and in the related notice of guaranteed delivery (the "Notice of Guaranteed Delivery" and, together with the Offer to Purchase, the "Offer Documents"). Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Offer to Purchase. The expiration time for the Offer was 5:00 p.m., New York City time, May 28, 2025 (the "Expiration Time"). Orbia has been advised by D.F. King & Co., Inc., the tender and information agent for the Tender Offer (the "Tender and Information Agent"), that, as of the Expiration Time, US$425,249,000 in aggregate principal amount of Notes, or approximately 85.05% of the outstanding Notes, had been validly tendered (and not validly withdrawn) pursuant to the Tender Offer. This amount includes US$878,000 aggregate principal amount of Notes tendered pursuant to a Notice of Guaranteed Delivery, which remain subject to delivery under the terms of the Tender Offer. Settlement of the Tender Offer is expected to occur on or about June 2, 2025 (the "Settlement Date"). The following table sets forth certain information relating to the Tender Offer: Notes CUSIP and ISINNumber(s) Principal AmountOutstanding Consideration per U.S.$l,000 Outstanding Principal Amount* 4.000% Senior Notes due 2027 CUSIP: 59284BAF5/P57908AG3 ISIN: US59284BAF58/USP57908AG32 U.S.$500,000,000 U.S.$1,000 ___________________ * The Consideration for the Notes will be paid together with Accrued Interest from the last interest payment date for the Notes up to, but not including, the Settlement Date (as defined below). Upon the terms and subject to the conditions of the Tender Offer set forth in the Offer Documents, all Notes validly tendered and not validly withdrawn at or prior to the Expiration Time have been accepted for purchase and will be paid in full by Orbia on the Settlement Date and all Holders who validly tendered and did not validly withdraw their Notes at any time at or prior to the Expiration Time will receive the Consideration stated in the table above. Payment for Notes tendered and accepted for payment pursuant to a Notice of Guaranteed Delivery is expected to occur on the Settlement Date. Additionally, subject to the exceptions in the terms of the Notes, Orbia will pay additional amounts such that the Consideration and Accrued Interest received by Holders after withholding tax, if any, will be equal to the amount that would have been due had there been no withholding tax. Orbia's obligation to purchase Notes pursuant to the Tender Offer is subject to the satisfaction or waiver of certain conditions described in the Offer to Purchase under "Conditions of the Tender Offer." Neither the Offer to Purchase nor any related documents have been filed with or reviewed by any federal or state securities commission or regulatory authority of any country. No authority has passed upon the accuracy or adequacy of the Offer to Purchase or any related documents, and it is unlawful and may be a criminal offense to make any representation to the contrary. The Tender and Information Agent for the Tender Offer is D.F. King & Co., Inc. Additional contact information of the Tender and Information Agent is set forth below. D.F. King & Co., Inc. 48 Wall Street, 22nd FloorNew York, New York 10005 Banks and Brokers call: +1 (212) 269-5550 (collect)All others call toll-free: +1 (888) 628-9011E-mail: orbia@ Copies of each of the Offer Documents are available at the following web address: Any questions regarding the terms of the Tender Offer may be directed to the Dealer Manager and requests for additional copies of the Offer to Purchase may be directed to the Tender and Information Agent at their respective telephone numbers and locations listed below. You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Tender Offer. The Dealer Manager for the Tender Offer is: J.P. Morgan Securities LLC383 Madison AvenueNew York, New York 10179United StatesAttention: Latin America Debt Capital MarketsCollect: +1 (212) 834-7279Toll-Free: +1 (866) 846-2874 This notice does not constitute or form part of any offer or invitation to purchase, or any solicitation of any offer to sell, the Notes or any other securities in the United States or any other country, nor shall it or any part of it, or the fact of its release, form the basis of, or be relied on or in connection with, any contract therefor. The Tender Offer is made only by and pursuant to the terms of the Offer to Purchase, and the information in this notice is qualified by reference to the Offer to Purchase. None of Orbia, the Guarantors, the Dealer Manager or the Tender and Information Agent makes any recommendation as to whether Holders should tender their Notes pursuant to the Tender Offer. Orbia Advance Corporation, S.A.B. de de la Reforma 483, Piso 47, Colonia Cuauhtémoc, 06500Ciudad de México, MéxicoTel: +52 55 5366 4000E-mail: View original content: SOURCE Orbia Advance Corporation, S.A.B. de C.V. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
30-04-2025
- Business
- Yahoo
ORBIA ADVANCE CORPORATION, S.A.B. DE C.V. ANNOUNCES COMMENCEMENT OF CASH TENDER OFFER AND CONSENT SOLICITATION FOR ANY AND ALL OF THE OUTSTANDING U.S.$600,000,000 AGGREGATE PRINCIPAL AMOUNT OF 1.875% SENIOR NOTES DUE 2026 (CUSIP NOS. 68560EAA6/P7S81YAB1)
MEXICO CITY, April 25, 2025 /PRNewswire/ -- Orbia Advance Corporation, S.A.B. de C.V., a sociedad anónima bursátil de capital variable, organized under the laws of the United Mexican States ("Orbia") announced today offers to purchase for cash any and all of the outstanding 1.875% Senior Notes due 2026 issued by Orbia (the "Notes") (the "Tender Offer"), upon the terms and subject to the conditions (including the Financing Condition (as defined in the Offer to Purchase and Consent Solicitation Statement)) set forth in the offer to purchase and consent solicitation statement dated April 25 2025 (the "Offer to Purchase and Consent Solicitation Statement"), for a purchase price equal to the applicable Purchase Price (as defined in the Offer to Purchase and Consent Solicitation Statement). The Notes are fully, unconditionally and irrevocably guaranteed by the Guarantors (as defined in the Offer to Purchase and Consent Solicitation Statement). Simultaneously with the Tender Offer, Orbia is conducting a solicitation (the "Consent Solicitation") of consents (the "Consents") from Holders of the Notes to effect certain proposed amendments (the "Proposed Amendments") to the indenture governing the Notes dated as of May 11, 2021, among Orbia, the Guarantors and Deutsche Bank Trust Company Americas, as trustee (the "Trustee"), under which the Notes were issued (as amended and/or supplemented from time to time, the "Indenture"). The Proposed Amendments would amend the Indenture to permit satisfaction and discharge of the Notes at any time. Pursuant to the terms of the Indenture, the Proposed Amendments require the written consent of holders of a majority in aggregate principal amount of the outstanding Notes issued under the Indenture. If Holders tender their Notes pursuant to the Tender Offer, they will also be providing Consents with respect to the Proposed Amendments with respect to such Notes. Holders may not tender their Notes in the Tender Offer without delivering their Consents pursuant to the Consent Solicitation and may not deliver their Consents without tendering the related Notes pursuant to the Tender Offer. The valid tender of Notes by any Holder pursuant to the relevant Tender Offer will be deemed to constitute the giving of a Consent by such Holder to the Proposed Amendments to the Indenture governing the Notes. There are no letters of transmittal in connection with the Tender Offer and Consent Solicitation. The Tender Offer and Consent Solicitation may be amended, extended, terminated or withdrawn at any time prior to the Expiration Time and for any reason, including if any of the conditions of the Tender Offer and Consent Solicitation is not satisfied or waived by the Expiration Time or the Early Tender Date, subject to compliance with applicable law. Capitalized terms not defined herein shall have the meaning ascribed to them in the Offer to Purchase and Consent Solicitation Statement. The tables below summarize certain payment terms for the Notes: Notes CUSIP and ISINNumber(s) Principal AmountOutstanding ReferenceU.S. Treasury Security(1) Bloomberg Reference page Fixed Spread (basis points) (2) Early Tender Payment (3)(4) 1.875% Senior Notes due 2026 CUSIP: 68560EAA6/P7S81YAB1 ISIN: US68560EAA64/USP7S81YAB11 U.S.$600,000,000 3.625% UST due 5/15/2026 FIT4 0 U.S.$30 ________________ (1) The maturity date with respect to the Notes is May 11, 2026. (2) The Total Consideration for the Notes will be determined by reference to the Fixed Spread plus the Reference Yield based on the bid-side price of the applicable Reference Security as displayed on the Reference Page at 10:00 a.m., New York City time, on the Price Determination Date. The formula for determining the Total Consideration for the Notes is set forth on the Offer to Purchase and Consent Solicitation Statement. (3) Per U.S.$1,000.00 principal amount of Notes validly tendered and accepted for purchase (and not validly withdrawn) prior to or at the Early Tender Date. (4) The Total Consideration for the Notes validly tendered prior to or at the Early Tender Date and accepted for purchase is inclusive of the Early Tender Payment (as defined below). The Total Consideration for the Notes does not include Accrued Interest, which will be payable in addition to the Total Consideration. Holders of any Notes that are validly tendered prior to or at the Early Tender Date and that are accepted for purchase will receive the Total Consideration. Each Total Consideration includes the Early Tender Payment. Notes that are validly tendered by Holders after the Early Tender Date but prior to or at the Expiration Time and that are accepted for purchase will receive the Total Consideration minus the Early Tender Payment, which is referred as the "Tender Offer Consideration." Purchase Price is the Total Consideration or the Tender Offer Consideration, as applicable. "Total Consideration" will be determined by reference to the fixed spread for the Notes (the "Fixed Spread") plus the yield (the "Reference Yield") based on the bid-side price of the applicable U.S. Treasury Reference Security at 10:00 a.m., New York City time, on May 9, 2025, the Price Determination Date. The Tender Offer and Consent Solicitation will expire at 5:00 p.m., New York City time, on May 23, 2025, unless extended, terminated early or withdrawn (such date and time, as the same may be extended, the "Expiration Time"). Holders of Notes must validly tender and not validly withdraw their Notes and deliver and not revoke their Consents prior to or at 5:00 p.m., New York City time, on May 8, 2025 (such date and time, as it may be extended with respect to the Notes, the "Early Tender Date") in the manner described in the Offer to Purchase and Consent Solicitation Statement, to be eligible to receive the Total Consideration for such Notes, which includes the Tender Offer Consideration and the Early Tender Payment, plus Accrued Interest for the Notes. If Holders of Notes validly tender Notes and deliver the associated Consents after the Early Tender Date but prior to or at the Expiration Time, such Holders will only be eligible to receive the Tender Offer Consideration plus Accrued Interest. Additionally, subject to the exceptions in the terms of the Notes, Orbia will pay additional amounts such that the applicable Purchase Price and Accrued Interest received by Holders after withholding tax, if any, will be equal to the amount that would have been due had there been no withholding tax. Orbia reserves the right, in Orbia's sole discretion, to amend or terminate the Tender Offer and Consent Solicitation at any time. The Early Tender Date is the last time and day for Holders to tender the Notes and deliver Consents in order to be eligible to receive the Total Consideration. Payment for the Notes that are validly tendered and not validly withdrawn prior to or at the Early Tender Date and that are accepted for purchase may be made, at Orbia's option, on the date referred to as the "Early Settlement Date." The Early Settlement Date, if it occurs, is expected to be on the third business day after the Early Tender Date. It is anticipated that the Early Settlement Date, if it occurs, will be on or around May 13, 2025. If the Early Settlement Date occurs with respect to the Notes, payment for the Notes that are validly tendered and not validly withdrawn after the Early Tender Date and prior to or at the Expiration Time and that are accepted for purchase will be made on the date referred to as the "Final Settlement Date." If no Early Settlement Date occurs with respect to the Notes, then payment for all the Notes that are validly tendered and not validly withdrawn at any time prior to the Expiration Time and that are accepted for purchase will be made on the Final Settlement Date. The Final Settlement Date will be promptly following the Expiration Time in respect of the Tender Offer. It is anticipated that the Final Settlement Date will be on or around May 28, 2025, the second business day after the Expiration Time. Orbia's obligation to purchase Notes pursuant to the Tender Offer is subject to the satisfaction or waiver of certain conditions, including, without limitation, the Financing Condition, described in the Offer to Purchase and Consent Solicitation Statement under "Conditions of the Tender Offer and Consent Solicitation." Neither the Offer to Purchase and Consent Solicitation Statement nor any related documents have been filed with or reviewed by any federal or state securities commission or regulatory authority of any country. No authority has passed upon the accuracy or adequacy of the Offer to Purchase and Consent Solicitation Statement or any related documents, and it is unlawful and may be a criminal offense to make any representation to the contrary. The Tender and Information Agent for the Tender Offer and Consent Solicitation is D.F. King & Co., Inc. Additional contact information of the Tender and Information Agent is set forth below. D.F. King & Co., Inc. 48 Wall Street, 22nd FloorNew York, New York 10005 Banks and Brokers call: +1 (212) 269-5550 (collect)All others call toll-free: +1 (888) 628-9011E-mail: orbia@ Any questions regarding the terms of the Tender Offer and Consent Solicitation may be directed to the Dealer Managers and Solicitation Agents and requests for additional copies of the Offer to Purchase and Consent Solicitation Statement may be directed to the Tender and Information Agent at their respective telephone numbers and locations listed below. You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Tender Offer and Consent Solicitation. The Dealer Managers and Solicitation Agents for the Tender Offer and Consent Solicitation are: J.P. Morgan Securities LLC 383 Madison Avenue New York, New York 10179 United States Attention: Latin America Debt Capital Markets Collect: +1 (212) 834-7279 Toll-Free: +1 (866) 846-2874 Mizuho Securities USA LLC 1271 Avenue of the Americas New York, NY 10020 Collect: +1 212 205 7741 Toll-Free: +1 866 271 7403 Attn: Liability Management Group Morgan Stanley & Co. LLC 1585 Broadway New York, New York 10036 United States of America Attn: Global Debt Advisory Group Toll-Free: +1 800-624-1808 Collect: +1 212-761-1057 This notice does not constitute or form part of any offer or invitation to purchase, or any solicitation of any offer to sell, the Notes or any other securities in the United States or any other country, nor shall it or any part of it, or the fact of its release, form the basis of, or be relied on or in connection with, any contract therefor. The Tender Offer and Consent Solicitation are made only by and pursuant to the terms of the Offer to Purchase and Consent Solicitation Statement, and the information in this notice is qualified by reference to the Offer to Purchase and Consent Solicitation Statement. None of Orbia, the Guarantors, the Dealer Managers and Solicitation Agents or the Tender and Information Agent makes any recommendation as to whether Holders should tender their Notes pursuant to the Tender Offer and Consent Solicitation. Orbia Advance Corporation, S.A.B. de de la Reforma 483, Piso 47, Colonia Cuauhtémoc, 06500Ciudad de México, MéxicoTel: +52 55 5366 4000E-mail: View original content: SOURCE Orbia Advance Corporation, S.A.B. de C.V.
Associated Press
25-04-2025
- Business
- Associated Press
Orbia announces the commencement of cash tender offer and consent solicitation
MEXICO CITY--(BUSINESS WIRE)--Apr 25, 2025-- Orbia Advance Corporation, S.A.B. de C.V. ('Orbia') (BMV: ORBIA*), announces that today, it launched an offer to purchase for cash (the 'Tender Offer') any and all of the outstanding 1.875% Senior Notes due 2026 issued by Orbia (the 'Notes'). The relevant consideration payment summary for the Notes is as follows: The Tender Offer will expire at 5:00 p.m. New York City time on May 23, 2025, unless extended by Orbia in accordance with the terms and conditions of the Tender Offer. Orbia reserves the right, in its sole discretion, to cancel the Tender Offer at any time. Simultaneously with the Tender Offer, Orbia initiated a solicitation (the 'Consent Solicitation') of consents (the 'Consents') from holders of the Notes to effect certain proposed amendments (the 'Proposed Amendments') to the indenture governing the Notes dated as of May 11, 2021, among Orbia, the guarantors and Deutsche Bank Trust Company Americas, as trustee (the 'Trustee'), under which the Notes were issued (as amended and/or supplemented from time to time, the 'Notes Indenture'). If Holders tender their Notes pursuant to the Tender Offer, they will also be providing Consents with respect to the Proposed Amendments with respect to such Notes. Holders may not tender their Notes in the Tender Offer without delivering their Consents pursuant to the Consent Solicitation. The valid tender of Notes by any Holder pursuant to the Tender Offer will be deemed to constitute the giving of a Consent by such Holder to the Proposed Amendments to the Notes Indenture. The Proposed Amendments would amend the Notes Indenture to permit satisfaction and discharge of the Notes at any time. Pursuant to the terms of the Notes Indenture, the Proposed Amendments require the written consent of holders of a majority in aggregate principal amount of outstanding Notes issued under the Notes Indenture (the 'Requisite Consents'). If Orbia receives the Requisite Consents prior to or on the Early Tender Date, Orbia, the guarantors and the Trustee will execute the Supplemental Indenture containing the Proposed Amendments to the Notes Indenture. It should be noted that it is not possible to predict the outcome of the Tender Offer or the Consent Solicitation, as it depends on the decision of each holder of the Notes to participate or not to participate, the fulfillment of conditions, and Orbia's decision to accept the bids submitted. The Tender Offer and the Consent Solicitation are being made outside of Mexico exclusively under the terms and conditions set forth therein. This relevant event does not constitute a public offer to purchase or a solicitation of an offer to sell or purchase any securities of Orbia or its affiliates. This relevant event is not exhaustive of the terms and conditions of the Tender Offer. The Tender Offer is not being made to, nor will Orbia accept offers of Notes from holders in jurisdictions where the Tender Offer do not comply with the securities laws or state securities laws of such jurisdiction. Orbia makes no recommendation regarding the Tender Offer nor the Consent Solicitation. Neither the Offer to Purchase and Consent Solicitation Statement nor any documents related thereto have been or will be filed with, or have been or will be approved or reviewed by, any securities commission, including the Mexican National Banking and Securities Commission ( Comisión Nacional Bancaria y de Valores ), or any federal or state regulatory authority in any country. No authority has determined the accuracy or adequacy of the Offer to Purchase and Consent Solicitation Statement or any related documents, and it is illegal and may constitute a crime to make any statement to the contrary. The Notes have not been and will not be registered with the National Securities Registry ( Registro Nacional de Valores ) maintained by the National Banking and Securities Commission ( Comisión Nacional Bancaria y de Valores ) and may not be publicly offered in Mexico. Holders of the Notes are advised to carefully read the Offer to Purchase and Consent Solicitation Statement or any related documents before making a decision regarding the Tender Offer or Consent Solicitation. About Orbia Orbia Advance Corporation, S.A.B. de C.V. and subsidiaries (the Company or Orbia) is a company driven by a shared purpose: to advance life around the world. Orbia operates in the Polymer Solutions (Vestolit and Alphagary), Building and Infrastructure (Wavin), Precision Agriculture (Netafim), Connectivity Solutions (Dura-Line) and Fluor & Energy Materials (Koura) operating segments. The five Orbia business groups have a collective focus on expanding access to health and well-being, reinventing the future of cities and homes, ensuring food, water and sanitation security, connecting communities to information and enabling the energy transition with basic and advanced materials, specialty products and innovative solutions. Orbia has a global team of over 23,000 employees, commercial activities in more than 100 countries and operations in over 50, with global headquarters in Boston, Mexico City, Amsterdam and Tel Aviv. The company generated $7.5 billion in revenue in 2024. Learn more at Prospective Information In addition to historical information, this press release contains 'forward-looking' statements that reflect management's expectations for the future. The words 'anticipate,' 'believe,' 'expect,' 'hope,' 'have the intention of,' 'might,' 'plan,' 'should' and similar expressions generally indicate comments on expectations. The forward-looking statements included in this press release are subject to a number of material risks and uncertainties, and our results may be materially different from current expectations due to factors, which include, but are not limited to, global and local changes in politics, economic factors, business, competition, market and regulatory factors, cyclical trends in relevant sectors as well as other factors affecting our operations, markets, products, services and prices that are highlighted under the title 'Risk Factors' in the annual report submitted by Orbia to the Mexican National Banking and Securities Commission (CNBV) and available on our website at The forward-looking statements included herein represent Orbia's views as of the date of this press release. Orbia undertakes no obligation to revise or update publicly any forward-looking statement for any reason unless required by law. View source version on CONTACT: Investor Relations Diego Echave VP, Investor Relations T: +1 619-742-6439 [email protected] Kacy Karlen Chief Communications Officer T: +1 865 410 3001 [email protected] KEYWORD: LATIN AMERICA NORTH AMERICA UNITED STATES MEXICO CENTRAL AMERICA NEW YORK MASSACHUSETTS INDUSTRY KEYWORD: TECHNOLOGY AUTOMOTIVE MINING/MINERALS OTHER CONSTRUCTION & PROPERTY GENERAL AUTOMOTIVE AGRICULTURE NATURAL RESOURCES OTHER ENERGY UTILITIES CONSTRUCTION & PROPERTY ENERGY CHEMICALS/PLASTICS AUTOMOTIVE MANUFACTURING TELECOMMUNICATIONS MANUFACTURING BUILDING SYSTEMS NETWORKS SOURCE: Orbia Advance Corporation, S.A.B. de C.V. Copyright Business Wire 2025. PUB: 04/25/2025 06:17 PM/DISC: 04/25/2025 06:16 PM
Yahoo
25-04-2025
- Business
- Yahoo
Orbia announces the commencement of cash tender offer and consent solicitation
MEXICO CITY, April 25, 2025--(BUSINESS WIRE)--Orbia Advance Corporation, S.A.B. de C.V. ("Orbia") (BMV: ORBIA*), announces that today, it launched an offer to purchase for cash (the "Tender Offer") any and all of the outstanding 1.875% Senior Notes due 2026 issued by Orbia (the "Notes"). The relevant consideration payment summary for the Notes is as follows: Notes Principal AmountOutstanding Reference Security(1) Bloomberg Referencepage Fixed Spread(basis points)(2) Early TenderPayment (3)(4) 2026 Notes U.S.$600,000,000 3.625% UST due 5/15/2026 FIT4 0 U.S.$30 (1) The applicable maturity date is May 11, 2026. (2) The Total Consideration for the Notes will be determined by reference to the Fixed Spread (as defined in the Offer to Purchase and Consent Solicitation Statement) plus the Reference Yield (as defined in the Offer to Purchase and Consent Solicitation Statement) based on the bid-side price of the applicable Reference Security (as defined in the Offer to Purchase and Consent Solicitation Statement) as displayed on the page on the Reference Page (as defined in the Offer to Purchase and Consent Solicitation Statement) at 10:00 a.m., New York City time, on the Price Determination Date (as defined in the Offer to Purchase and Consent Solicitation Statement). The formula for determining the Total Consideration for the Notes is set forth on the Offer to Purchase and Consent Solicitation Statement. (3) Per U.S.$1,000.00 principal amount of Notes validly tendered and accepted for purchase (and not validly withdrawn) prior to or at the Early Tender Date (as defined in the Offer to Purchase and Consent Solicitation Statement). (4) The Total Consideration for the Notes validly tendered prior to or at the Early Tender Date and accepted for purchase is inclusive of the Early Tender Payment. The Total Consideration for the Notes does not include the applicable Accrued Interest (as defined in the Offer to Purchase and Consent Solicitation Statement), which will be payable in addition to the applicable Total Consideration. The Tender Offer will expire at 5:00 p.m. New York City time on May 23, 2025, unless extended by Orbia in accordance with the terms and conditions of the Tender Offer. Orbia reserves the right, in its sole discretion, to cancel the Tender Offer at any time. Simultaneously with the Tender Offer, Orbia initiated a solicitation (the "Consent Solicitation") of consents (the "Consents") from holders of the Notes to effect certain proposed amendments (the "Proposed Amendments") to the indenture governing the Notes dated as of May 11, 2021, among Orbia, the guarantors and Deutsche Bank Trust Company Americas, as trustee (the "Trustee"), under which the Notes were issued (as amended and/or supplemented from time to time, the "Notes Indenture"). If Holders tender their Notes pursuant to the Tender Offer, they will also be providing Consents with respect to the Proposed Amendments with respect to such Notes. Holders may not tender their Notes in the Tender Offer without delivering their Consents pursuant to the Consent Solicitation. The valid tender of Notes by any Holder pursuant to the Tender Offer will be deemed to constitute the giving of a Consent by such Holder to the Proposed Amendments to the Notes Indenture. The Proposed Amendments would amend the Notes Indenture to permit satisfaction and discharge of the Notes at any time. Pursuant to the terms of the Notes Indenture, the Proposed Amendments require the written consent of holders of a majority in aggregate principal amount of outstanding Notes issued under the Notes Indenture (the "Requisite Consents"). If Orbia receives the Requisite Consents prior to or on the Early Tender Date, Orbia, the guarantors and the Trustee will execute the Supplemental Indenture containing the Proposed Amendments to the Notes Indenture. It should be noted that it is not possible to predict the outcome of the Tender Offer or the Consent Solicitation, as it depends on the decision of each holder of the Notes to participate or not to participate, the fulfillment of conditions, and Orbia's decision to accept the bids submitted. The Tender Offer and the Consent Solicitation are being made outside of Mexico exclusively under the terms and conditions set forth therein. This relevant event does not constitute a public offer to purchase or a solicitation of an offer to sell or purchase any securities of Orbia or its affiliates. This relevant event is not exhaustive of the terms and conditions of the Tender Offer. The Tender Offer is not being made to, nor will Orbia accept offers of Notes from holders in jurisdictions where the Tender Offer do not comply with the securities laws or state securities laws of such jurisdiction. Orbia makes no recommendation regarding the Tender Offer nor the Consent Solicitation. Neither the Offer to Purchase and Consent Solicitation Statement nor any documents related thereto have been or will be filed with, or have been or will be approved or reviewed by, any securities commission, including the Mexican National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores), or any federal or state regulatory authority in any country. No authority has determined the accuracy or adequacy of the Offer to Purchase and Consent Solicitation Statement or any related documents, and it is illegal and may constitute a crime to make any statement to the contrary. The Notes have not been and will not be registered with the National Securities Registry (Registro Nacional de Valores) maintained by the National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores) and may not be publicly offered in Mexico. Holders of the Notes are advised to carefully read the Offer to Purchase and Consent Solicitation Statement or any related documents before making a decision regarding the Tender Offer or Consent Solicitation. About Orbia Orbia Advance Corporation, S.A.B. de C.V. and subsidiaries (the Company or Orbia) is a company driven by a shared purpose: to advance life around the world. Orbia operates in the Polymer Solutions (Vestolit and Alphagary), Building and Infrastructure (Wavin), Precision Agriculture (Netafim), Connectivity Solutions (Dura-Line) and Fluor & Energy Materials (Koura) operating segments. The five Orbia business groups have a collective focus on expanding access to health and well-being, reinventing the future of cities and homes, ensuring food, water and sanitation security, connecting communities to information and enabling the energy transition with basic and advanced materials, specialty products and innovative solutions. Orbia has a global team of over 23,000 employees, commercial activities in more than 100 countries and operations in over 50, with global headquarters in Boston, Mexico City, Amsterdam and Tel Aviv. The company generated $7.5 billion in revenue in 2024. Learn more at Prospective Information In addition to historical information, this press release contains "forward-looking" statements that reflect management's expectations for the future. The words "anticipate," "believe," "expect," "hope," "have the intention of," "might," "plan," "should" and similar expressions generally indicate comments on expectations. The forward-looking statements included in this press release are subject to a number of material risks and uncertainties, and our results may be materially different from current expectations due to factors, which include, but are not limited to, global and local changes in politics, economic factors, business, competition, market and regulatory factors, cyclical trends in relevant sectors as well as other factors affecting our operations, markets, products, services and prices that are highlighted under the title "Risk Factors" in the annual report submitted by Orbia to the Mexican National Banking and Securities Commission (CNBV) and available on our website at The forward-looking statements included herein represent Orbia's views as of the date of this press release. Orbia undertakes no obligation to revise or update publicly any forward-looking statement for any reason unless required by law. View source version on Contacts Investor Relations Diego EchaveVP, Investor RelationsT: +1 Media Kacy KarlenChief Communications OfficerT: +1 865 410 Sign in to access your portfolio
Associated Press
21-03-2025
- Automotive
- Associated Press
Orbia Announces Conference Call For Its First Quarter 2025 Earnings Results
MEXICO CITY--(BUSINESS WIRE)--Mar 21, 2025-- Orbia Advance Corporation, S.A.B. de C.V. will release its first quarter 2025 earnings results after the market closes on Thursday, April 24, 2025. On Friday, April 25, 2025, Management will host a conference call and Q&A session to review the Q1 2025 results. Date: Time: 9:00 a.m. MX | 11:00 a.m. ET Speakers: Sameer Bharadwaj Chief Executive Officer Chief Financial Officer Diego Echave VP, Investor Relations CONTACT: Diego Echave VP, Investor Relations +1 619-742-6439 [email protected] Media Kacy Karlen Chief Communications Officer T: +1 865 410 3001 [email protected] KEYWORD: LATIN AMERICA NORTH AMERICA UNITED STATES MEXICO CENTRAL AMERICA NEW YORK INDUSTRY KEYWORD: AUTOMOTIVE MANUFACTURING MANUFACTURING ENVIRONMENT AUTOMOTIVE TELECOMMUNICATIONS URBAN PLANNING NETWORKS BUILDING SYSTEMS OTHER CONSTRUCTION & PROPERTY TECHNOLOGY CONSTRUCTION & PROPERTY MINING/MINERALS UTILITIES AGRICULTURE NATURAL RESOURCES ENERGY GENERAL AUTOMOTIVE CHEMICALS/PLASTICS SOURCE: Orbia Advance Corporation, S.A.B. de C.V. Copyright Business Wire 2025. PUB: 03/21/2025 02:02 PM/DISC: 03/21/2025 02:02 PM
