The Issuer intends to increase the size of the previously disclosed Credit Agreement to US$7 million and to use the additional amount of proceeds to provide a US$2 million loan to Cap Cana (the “Loan”). Cap Cana will grant the Issuer an option to buy Solar Condo Las Iguanas 8 (the “Option Property”), or the equity interests in the entity that owns the Option Property (the “Option Price Owner”) at a price equal to U.S.$3.5 million, less the amount of the Loan, together with accrued and unpaid interest thereon. The Loan will be secured by the shares of the Option Property Owner and, subject to certain conditions, a mortgage on the Option Property. Cap Cana intends to apply the proceeds of the Loan to the repayment of certain existing debts of Cap Cana, as well as for general corporate purposes (other than the development or construction of new luxury developments or properties as part of the Cap Cana Project (as defined in the Exchange Offer Statement)).
Additional information regarding the Loan and its impact on other documents of the Issuer are included in the first supplement dated June 21, 2017 (the “Supplement”) to the exchange offer statement dated March 15, 2017 (as so supplemented, the “Exchange Offer Statement”) being distributed to holders of Existing Notes. Other than the extension described in this announcement and the terms set forth in the Supplement, all of the terms of the exchange offer remain unchanged. The terms of the exchange offer and other information relating to Cap Cana are set forth in the Exchange Offer Statement.
Wilmington Savings Fund Society, FSB has been appointed as exchange agent for the exchange offer. You should direct questions and requests for assistance regarding the tender of the Existing Notes or requests for additional copies of the Exchange Offer Statement or Letter of Transmittal to the exchange agent addressed as follows:
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By Registered or Certified Mail: Wilmington Savings Fund Society, FSB Attention: Corporate Trust, Cap Cana
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By Email or Facsimile Transmission (for eligible institutions only): (302) 421-9137
To Confirm by Telephone Inquiries: Banks and Brokers call: (302) 571-7014 |
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By Overnight Courier or Hand Delivery |
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Wilmington Savings Fund Society, FSB Attention: Corporate Trust, Cap Cana
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Questions regarding other matters should be directed to Cap Cana to the following individuals:
By regular mail:
Jorge A. Subero Medina
Cap Cana, S.A.
Ave. Máximo Gómez No. 60, Plaza Paseo del Teatro, Suite 214, La Esperilla
Santo Domingo, Distrito Nacional
Dominican Republic
Attention: Francisco Merejo
By email:
Jorge Subero: [email protected];
Francisco Merejo: [email protected]
By telephone:
Jorge Subero or Francisco Merejo
Telephone: 1(809) 287-4107
This announcement shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any offer to, or solicitation of, any person or entity in any jurisdiction in which it is unlawful to make such an offer to or solicitation of such person or entity.
About Cap Cana, S.A.
Located on the eastern shores of the Dominican Republic, Cap Cana is a large multiuse Caribbean resort featuring championship golf, yachting, equestrian and eco-park facilities, beaches and other leisure amenities, and is one of the largest premium destinations in the Caribbean. The property covers approximately 46 square miles (119.9 square kilometers) of land, including approximately 5.0 miles (8.0 kilometers) of coastline and approximately 2.2 miles (3.5 kilometers) of beaches. Because of its vicinity to the Punta Cana International Airport (“PUJ”), which is located less than 10 minutes away, Cap Cana receives nonstop flights from large metropolitan centers in Europe, Canada and the United States, including daily direct flights from Miami (approximately two hours) and New York (approximately three hours), making the Cap Cana destination easily accessible to numerous international markets.
CONTACTS:
Cap Cana, S.A.
Jorge Subero: [email protected]; 1(809) 287-4107.
Francisco Merejo: [email protected]; 1(809) 287-4107.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cap-cana-sa-extends-exchange-offer-and-announces-distribution-of-supplement-to-exchange-offer-statement-300477811.html
SOURCE Cap Cana, S.A.
