Barclays Capital Inc. Commences Cash Tender Offer for Certain Outstanding Notes of CORONADO CDO LTD.

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Barclays Capital Inc. Commences Cash Tender Offer for Certain Outstanding Notes of CORONADO CDO LTD. and CORONADO CDO CORP.

NEW YORK--(BUSINESS WIRE)-- Barclays Capital Inc. ("the Offeror") today announced that yesterday it commenced a tender offer to purchase for cash (the "Offer") all of the outstanding Class A-1 Floating Rate Notes Due September 2038, Class B-1 Floating Rate Notes Due September 2038 and Class B-2 Fixed Rate Notes Due September 2038 (together, the "Notes") of Coronado CDO Ltd. (the "Issuer") and Coronado CDO Corp. (the "Co-Issuer" and, together with the Issuer, the "Co-Issuers"). The Offer is being made pursuant to an Offer to Purchase (the "Offer to Purchase") and the related Letter of Transmittal (the "Letter of Transmittal"), each dated April 11, 2013.

The following table shows the Notes included in the Offer as well as the applicable purchase price for each $1,000 outstanding principal amount of the Notes.

 

Notes
   

CUSIPs
   ISIN   
Original
Principal Amount
   Outstanding
Principal Amount
   
Purchase
Price(*)
Class A-1 Floating
Rate Notes Due
September 2038
21976RAA4/G2435XAA9

US21976RAA41/
USG2435XAA93

$377,000,000$94,034,394$940
Class B-1 Floating
Rate Notes Due
September 2038
21976RAB2/G2435XAB7

US21976RAB24/
USG2435XAB76

$62,000,000$62,000,000$210
Class B-2 Fixed
Rate Notes Due
September 2038
21976RAE6/G2435XAE1

US21976RAE62/

USG2435XAE16

$15,000,000$15,000,000$210
  

(*) Per $1,000 outstanding principal amount of Notes that are accepted for purchase.

 

Upon the terms and subject to the conditions of the Offer, the Offeror will pay the applicable Purchase Price on the "Payment Date," which will occur promptly following the Expiration Time.

The Offer will expire at 5:00 p.m., New York City time, on May 9, 2013 (the "Expiration Time"), unless extended. There are no withdrawal rights under the terms of the Offer. Subject to applicable law, once Notes are tendered in the Offer, they may not be validly withdrawn.

This Offer is subject to certain conditions, including the condition that the Offeror must receive valid tenders of $360,000,000 original principal amount of the Class A-1 Floating Rate Notes Due September 2038 (the "Minimum Tender Condition"), which are more fully described in the Offer to Purchase. The Offer is not subject to any financing condition.

The Offeror is also the Dealer Manager for the Offer. Questions regarding the Offer may be directed to Barclays Capital Inc., (212) 412-5155 or CDOtender@barclays.com. Copies of the Offer to Purchase and Letter of Transmittal may be obtained from the Information Agent/Tender Agent for the Offer, Global Bondholder Services Corporation, at (866) 736-2200 (toll-free) or (212) 430-3774 (collect).

Forward-Looking Statements

Certain statements contained in this release are "forward-looking statements" and are prospective. These statements may be identified by their use of forward-looking terminology such as the words "expects," "projects," "believes," "anticipates," "intends" or other similar words. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations.



Barclays
Mark Lane, 212-412-1413

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

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