May 13, 2013 (Close-Up Media via COMTEX) -- Kansas City Southern ("KCS") announced that following the expiration on May 7, of the previously announced cash tender offers by its subsidiary, Kansas City Southern de Mexico, S.A. de C.V., a Mexican corporation ("KCSM"), for KCSM's 6.125 percent Senior Notes due 2021 (the "Maximum Tender Offer Notes"), 8 percent Senior Notes due 2018 (the "2018 Notes") and 6.625 percent Senior Notes due 2020 (the "2020 Notes and, collectively with the Maximum Tender Offer Notes and the 2018 Notes, the "Notes"), KCSM has completed the settlement of $149,685,000 in aggregate principal amount of Maximum Tender Offer Notes and $5,000 in additional aggregate principal amount of 2018 Notes.
According to a release, KCSM funded the settlement with a portion of the proceeds from its $725 million offering of senior notes completed on May 3.
The company stated that on May 3, KCSM paid aggregate consideration of $473.7 million for early settlement of the 2018 Notes and 2020 Notes validly tendered and not validly withdrawn at or prior to 5 p.m., New York City time, on April 23, (the "Early Tender Deadline"). An additional $5,000 of 2018 Notes was validly tendered and not validly withdrawn subsequent to the Early Tender Deadline and prior to midnight, New York City time on the Expiration Date and on May 8 received the Tender Offer Consideration as described in the Offer to Purchase and Consent Solicitation Statement dated April 10, (the "Offer to Purchase"). No additional 2020 Notes were tendered subsequent to the Early Tender Deadline. As described in the Offer to Purchase, KCSM on May accepted for payment and paid consideration for, on a prorated basis, an amount of Maximum Tender Offer Notes such that the aggregate consideration paid for all Notes accepted for payment did not exceed $650 million. Title of Security CUSIP Numbers
BofA Merrill Lynch acted as the Dealer Manager and Solicitation Agent for the Offers.
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