Rede Energia S.A. Announces Modified Dutch Auction Tender Offer
Published June 2nd, 2009
Rede Energia S.A., a Brazilian electricity holding company (”Rede”), announced today that it has commenced a cash tender offer (the “Tender Offer”) to purchase the maximum aggregate principal amount of its outstanding 11.125% Perpetual Notes (CUSIP No. 75734PAA7 and ISIN No. USP8001VAD84) (the “Notes”) that it can purchase for the U.S. dollar equivalent of R$300,000,000, calculated as provided below (the “Maximum Payment Amount”), at a purchase price per US$1,000 principal amount to be determined in accordance with a modified “Dutch Auction” procedure, on the terms and subject to the conditions set forth in its Offer to Purchase dated June 1, 2009 (the “Offer to Purchase”) and the related Letter of Transmittal (the “Letter of Transmittal,” and together with the Offer to Purchase, the “Offer Documents”).
The Tender Offer will expire at 12:00 midnight, New York City time, on Friday, June 26, 2009, unless extended or earlier terminated by Rede (such time and date, as the same may be extended, the “Expiration Date”).
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