Luxembourg, May 20, 2026 (GLOBE NEWSWIRE) -- OCEANICA LUX, a private limited liability company (société à responsabilité limitée) incorporated under the laws of Grand Duchy of Luxembourg, with its registered office at 28, Boulevard F.W. Raiffeisen, L-2411 Luxembourg, Grand Duchy of Luxembourg, and registered with the Luxembourg Register of Commerce and Companies (Registre de Commerce et des Sociétés, Luxembourg) under number B288140, ("Oceanica" or the "Company"), announced today the final tender results in connection with its previously announced offer to purchase for cash any and all outstanding 13.000% Senior Secured Notes due 2029 issued by Oceanica (the "Notes"), upon the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated April 20, 2026 (the "Offer to Purchase") for the consideration described below (the "Tender Offer") as amended on May 5, 2026. All capitalized terms used herein but not defined in this announcement have the respective meanings ascribed to them in the Offer to Purchase.
The Expiration Date for the Tender Offer and the Consent Solicitation was 5:00 p.m., New York City time, May 20, 2026 (the "Expiration Date"). According to information received from D.F King & Co., Inc, the tender and information agent for the Tender Offer (the "Tender and Information Agent"), after 5:00 p.m., New York City Time on May 1, 2026 (the "Early Tender Date") but at or prior to the Expiration Date, US$18,050,000 in aggregate principal amount of the Notes, or approximately 3.44% of the outstanding Notes, had been validly tendered (and not validly withdrawn) pursuant to the Tender Offer.
Together with the Notes validly tendered and not withdrawn at or prior to the Early Tender Date, a total of U.S.$496,802,000 in aggregate principal amount of the Notes, or approximately 94.63% of the outstanding Notes were validly tendered pursuant to the Tender Offer.
Holders who validly tendered their Notes after the Early Tender Date but at or prior to the Expiration Date in the manner described in the Offer to Purchase will be eligible to receive the applicable Tender Offer Consideration, plus any Accrued Interest, on the Final Settlement Date (as defined below), but not the Early Tender Payment Consideration. Payment for Notes validly tendered after the Early Tender Date and at or prior to the Expiration Date and accepted for purchase will be made on the final settlement, which is expected to occur on May 22, 2026 (the "Final Settlement Date").
The following table summarizes certain payment terms of the Tender Offer and Consent Solicitation:
Title of Security
ISIN/CUSIP Numbers
Principal AmountPreviously Outstanding
Tender OfferConsideration(1)
Aggregate PrincipalAmount Tendered
Percentage ofthe outstandingNotes validlytendered
13.000% Senior Secured Notes due 2029
