NEWS 5 “I am pleased to announce that the Company has received (i) the requisite consents to implement the proposed amendments to the terms of the Notes and (ii) validly delivered tenders in excess of the maximum tender amount set forth in the Offer. "The successful completion of this transaction is an important step for the Company as it modernizes its covenant package to meet today's market needs. The transaction also reduces the Company's Notes by U.S.$80 million (or over 20%) 3 years before maturity, highlighting the Company's commitment to its bondholders." "These results are proof of Frontera's strategic focus on delivering meaningful The deal also included a consent solicitation, which enabled Frontera to implement key amendments to the bond’s covenant terms, part of a broader effort to modernize its capital structure. Backed by strong investor participation, Frontera not only hit its tender cap but also secured the necessary consents to push through proposed changes to the indenture. The move cuts the company’s outstanding notes by more than 20%, trimming its debt load three years ahead of schedule. Frontera’s CEO, Orlando Cabrales, said the outcome reflects the company’s evolving approach to investor relations and debt management. bondholder and investor value initiatives. The Company will continue to consider similar investor-focused initiatives in 2025 and beyond." The tender offer and consent solicitation were initially launched in early May through an Offer to Purchase and Consent Solicitation Statement. Terms and conditions were outlined in that document, which was subsequently updated during the course of the transaction. Clifford Chance Advises Frontera on $80M Bond Buyback Read the full news story at: www.lawyer-monthly.com NEWS Clifford Chance has advised Frontera Energy on a strategic debt transaction involving a cash tender offer of up to $80 million for its 7.875% senior notes due 2028.
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