This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Fibria Celulose S.A. Announces Results As Of The Early Tender Date And An Increase Of The Tender Cap For Its Modified Dutch Auction Tender Offer For 7.500% Senior Notes Due 2020

SAO PAULO, June 25, 2012 /PRNewswire/ -- Fibria Celulose S.A. (" Fibria") today announced that, as of 5:00 p.m., New York City time, on June 22, 2012 (the " Early Tender Date"), it had received valid tenders of $509,218,000 aggregate principal amount of 7.500% Senior Notes due 2020 (CUSIP Nos. G3400PAB3; 31572UAB2; 31572UAC0) (the " Notes") issued by Fibria Overseas Finance Ltd., a wholly-owned subsidiary of Fibria, pursuant to Fibria's previously announced cash tender offer for the Notes (the " Tender Offer"). In addition, Fibria announced that it has increased the Tender Cap (as defined below) for the Notes, such that the aggregate principal amount of Notes Fibria seeks to purchase in the Tender Offer is $510.0 million.

On June 11, 2012, Fibria commenced the Tender Offer for up to $500.0 million aggregate principal amount (as such amount was increased as described above and as may be further increased in Fibria's sole discretion, the " Tender Cap") of Notes at a purchase price per $1,000 principal amount of Notes to be determined in accordance with the procedures of a " modified Dutch Auction," as more fully described in the Offer to Purchase, dated June 11, 2012 (as it may be amended or supplemented from time to time, the " Offer to Purchase"), and in the related letter of transmittal. 

Holders who validly tendered (and did not withdraw) their Notes on or prior to the Early Tender Date, and whose Notes are purchased pursuant to the Tender Offer, will be entitled to receive the " Total Consideration" payable under the Tender Offer, which includes an " Early Tender Payment" of $50.00 for each $1,000 principal amount of Notes.  In addition, holders will receive accrued and unpaid interest on all Notes tendered and accepted for payment in the Tender Offer from the last interest payment date up to, but not including, the settlement date for the Tender Offer.

Holders of Notes who have not already tendered their Notes may do so at any time on or prior to 12:00 midnight, New York City time, on Monday, July 9, 2012, unless extended by Fibria. However, any such tender will not be entitled to receive the Early Tender Payment. Withdrawal rights for the Tender Offer have expired and have not been extended.

The terms and conditions of the Tender Offer are described in the Offer to Purchase and remain unchanged, except for the increase of the Tender Cap described above. Subject to applicable law, Fibria may further amend, modify or terminate the Tender Offer at any time in its sole discretion.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,976.31 +263.65 1.49%
S&P 500 2,086.24 +25.22 1.22%
NASDAQ 4,947.4410 +56.2220 1.15%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs