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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

Stocks in this article: FBR

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.

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