News Column

ICA Accepts 8.375% Notes Due 2017 in Tender Offer

June 2, 2014

MEXICO CITY, 2014-06-02 15:00 CEST (GLOBE NEWSWIRE) -- Empresas ICA, S.A.B. de C.V. (BMV:ICA) (NYSE:ICA), the largest infrastructure and construction company in Mexico, announced today that it is accepting for settlement and cancellation today U.S.$ 200 million (the "Maximum Tender Amount") aggregate principal amount of its 8.375% Senior Notes due 2017 (the "Notes") pursuant to the previously announced cash tender offer (the "Tender Offer"). As of 5:00 pm, New York City time, on May 28, 2014 (the "Early Tender Deadline"), U.S.$ 209,865,000 in aggregate principal amount of the Notes, representing 59.96% of the total outstanding principal amount of the Notes, were validly tendered and not withdrawn. Because the aggregate amount of Notes tendered exceeds U.S.$ 200 million, the Notes accepted for purchase will be prorated as provided in ICA's Offer to Purchase dated May 14, 2014 (as amended or supplemented from time to time, the "Offer to Purchase"). Because the Tender Offer was fully subscribed as of the Early Tender Deadline, holders who validly tender Notes after the Early Tender Deadline will not have any of their Notes accepted for purchase unless ICA increases the Maximum Tender Amount, which it is entitled to do in its sole discretion. The Tender Offer is scheduled to expire at midnight, New York City time, on June 11, 2014, unless extended by ICA. ICA has engaged Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. to act as Dealer Managers for the Tender Offer and D.F. King & Co., Inc. to act as Tender Agent and Information Agent for the Tender Offer. Questions regarding the terms of the Tender Offer may be directed to Credit Suisse Securities (USA) LLC at (800) 820-1653 or (212) 538-2147 (collect) and Deutsche Bank Securities Inc. at (855) 287-1922 or (212) 250-7527 (collect). Questions regarding procedures for tendering Notes or requests for documentation may be directed to D.F. King & Co., Inc. at (800) 549-6650 (toll free) or (212) 269-5550 (banks and brokers). This press release may contain projections or other forward-looking statements related to ICA that reflect ICA's current expectations or beliefs concerning future events. Such forward-looking statements are subject to various risks and uncertainties and may differ materially from actual results or events due to important factors such as changes in general economic, business or political or other conditions in Mexico, Latin America or elsewhere, changes in capital markets in general that may affect policies or attitudes towards lending to Mexico or Mexican companies, changes in tax and other laws affecting ICA's businesses, increased costs, unanticipated increases in financing and other costs or the inability to obtain additional debt or equity financing on attractive terms and other factors set forth in ICA's most recent filing on Form 20-F and in any filing or submission ICA has made with the SEC subsequent to its most recent filing on Form 20-F. All forward-looking statements are based on information available to ICA on the date hereof, and ICA assumes no obligation to update such statements. Empresas ICA, S.A.B. de C.V. is Mexico's largest infrastructure company. ICA carries out large-scale civil and industrial construction projects and operates a portfolio of long-term assets, including airports, toll roads, water systems, and real estate. Founded in 1947, lCA is listed on the Mexican and New York Stock exchanges. For more information, visit http://ri.ica.mx/ CONTACT: For more information contact: Ana Paulina Rubioana.rubio@ica.mxElena Garciaelena.garcia@ica.mxrelacion.inversionistas@ica.mx (5255) 5272 9991 ext.3608 Gabriel de la Concha, CIO gabriel.delaconcha@ica.mxVictor Bravo, CFO victor.bravo@ica.mx In the United States: Daniel Wilson, Zemi Communications (1212) 689 9560 dbmwilson@zemi.com Copyright 2014 OMX AB (publ).


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Source: OMX