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Frontera Energy Corporation Announces Early Tender Date Results Under its Tender Offer and Consent Solicitation for its Outstanding 9.700% Senior Notes Due 2023 (CUSIP - 35905B AA5, ISIN - US35905BAA52/CUSIP - C35898 AA0, ISIN - USC35898AA00)
Frontera Energy Corporation Announces Early Tender Date Results Under its Tender Offer an...
About this update from Frontera Energy Corporation
[{"type":"text","content":"\n \n \n \n Frontera Energy Corporation Announces Early Tender Date Results Under its Tender Offer and Consent Solicitation for its Outstanding 9.700% Senior Notes Due 2023 (CUSIP - 35905B AA5, ISIN - US35905BAA52/CUSIP - C35898 AA0, ISIN - USC35898AA00)\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TORONTO\n \n ,\n \n June 18, 2021\n \n /CNW/ - Frontera Energy Corporation (TSX: FEC) (the \"\n \n Company\n \n \" or \"\n \n Frontera\n \n \") today announced that it had received, as of\n \n 5:00 p.m. Eastern time\n \n , on\n \n June 18, 2021\n \n (the \"\n \n Early Tender  Date\n \n \"), tenders and consents from holders of U.S.\n \n $286,599,000\n \n (or 81.89%) of the aggregate principal amount) of its outstanding 9.700% Senior Notes due 2023 (the \"\n \n Notes\n \n \"), pursuant to its previously announced cash tender offer and consent solicitation (the \"\n \n Offer\n \n \") made upon the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated as of\n \n June 7, 2021\n \n (the \"\n \n Offer to Purchase\n \n \") and the related Letter of Transmittal. The Early Tender Date has now passed and withdrawal rights under the Offer have expired.\n \n \n As a result of the receipt of the consents described above, the Company will enter into a supplemental indenture incorporating the proposed amendments, which include (i) the elimination of substantially all of the restrictive covenants and certain events of default and related provisions; and (ii)  the shortening of the minimum notice period for the optional redemption of the Notes by the Company from 30 days to three business days. These amendments will not become operative unless the conditions to purchase the Notes set out in the Offer to Purchase are satisfied.\n \n \n The Company's obligation to purchase the Notes is conditioned upon the satisfaction of certain conditions set out in the Offer to Purchase, including the completion of its concurrent offering of senior notes on terms and conditions and yielding net ...