Eligible Holders who validly tendered and did not validly withdraw Outstanding Notes on or prior to the Early Tender Date will receive $1,100 of New Notes and $20 of cash for each $1,000 principal amount of Outstanding Notes tendered by such date. Additionally, because at least $375.0 million aggregate principal amount of Outstanding Notes were validly tendered and not withdrawn by the Early Tender Date, holders whose Outstanding Notes are accepted for exchange in the Exchange Offer will also receive an additional $20 of cash for each $1,000 principal amount of Outstanding Notes tendered.
Withdrawal rights for the Exchange Offer have expired. For notes tendered prior to the Early Tender Date, payment is expected to be made and the New Notes are expected to be delivered on or about December 16, 2013. New Notes issued on that date will trade fungibly with the Existing 2021 Notes.
Eligible Holders who have not already tendered their Outstanding Notes may continue to do so at any time prior to 11:59 p.m., New York City time, on December 23, 2013 (the “Expiration Date”), unless extended by CCU. Eligible Holders who tender their Outstanding Notes after the Early Tender Date will receive $1,050 principal amount of New Notes and $40 of cash, representing the base cash consideration plus the additional contingent cash consideration, in exchange for each $1,000 principal amount of Outstanding Notes validly tendered and accepted for exchange. Settlement for such New Notes will be made promptly following the Expiration Date.
The complete terms and conditions of the Exchange Offer are set forth in the Offering Circular, and in the accompanying letter of transmittal, which were only distributed to holders of the Outstanding Notes that completed and returned a letter of eligibility confirming that they are Eligible Holders. Holders of the Outstanding Notes that desire a copy of the eligibility letter may contact Global Bondholder Services Corporation, the exchange agent and information agent for the Exchange Offer, by calling toll-free (866) 470-3700 or at (212) 430-3774 (banks and brokerage firms).
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