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Belize Announces Extension of the Expiration Time of Its Offer to Bondholders

BELMOPAN, Belize, Oct. 15, 2021 /PRNewswire/ -- The Government of Belize (the "Government") is announcing an extension of the Expiration Time for its Offer (as described in its offer to purchase and consent solicitation statement, dated September 13, 2021 (as amended, modified and supplemented, the "Statement")) to October 22, 2021 at 5 p.m.New York City time (unless further extended by the Government).A Capitalized terms used and not defined herein shall have the respective meanings set forth in the Statement.As previously announced on September 24, 2021, the Government has received the requisite number of Tender Orders for its Offer to satisfy the Super-Majority Consent Condition set forth in the Statement.A Belize's press release announcing the successful results, and supplementing certain terms, of its Offer, dated September 24, 2021, is available at: https://www.centralbank.org.bz/news/details?newsid=359.The Offer and Exit Amendments set forth in the Statement remain subject to the satisfaction of the Financing Condition and General Conditions described in the Statement.A Holders of Bonds that have not yet submitted Tender Orders may do so prior to the Expiration Time (as extended).A Any Eligible Holder who tenders Bonds after September 24, 2021 (the Consent Deadline) but prior to the Expiration Time (as extended), will be eligible to receive the Purchase Price and the Contingency Account Distribution on the Settlement Date, but will not be eligible to receive the Accrued Interest Payment. As previously announced, if the Indenture is amended as proposed in the Statement, any Bonds that are not validly tendered prior to the Expiration Time will be redeemed and cancelled on the Redemption Date, which will be the Settlement Date.A Holders of such redeemed Bonds as of the Redemption Date will be entitled only to the Redemption Price (which is equal to the Purchase Price) and the Contingency Account Distribution.A Holders of redeemed Bonds will not be entitled to receive any accrued and unpaid interest or any other additional amount.A In order for a Holder of redeemed Bonds to receive the Redemption Price and the Contingency Account Distribution, the applicable DTC Participant will be required to deliver a Redemption Certification Form representing, among other things, that such Holder was the beneficial owner of the applicable redeemed Bonds as of the Redemption Date.Citigroup Global Markets Inc. is acting as the Financial Advisor and ESG Structuring Advisor to Belize. In connection with the Offer and the Consent Solicitation, Citigroup Global Markets Inc. is acting as Dealer Manager and Global Bondholder Services Corporation is serving as Information and Tender Agent in connection with the Offer and Consent Solicitation.
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