January 17, 2017 9:53 PM ET

Food Products

Company Overview of U.S.J. - Açúcar e Álcool S.A.

Company Overview

U.S.J. - Açúcar e Álcool S/A engages in the processing of sugarcane for the production and trade of sugar in Brazil. It is also involved in the co-generation of electricity. The company also trades in new and second-hand vehicles, parts, and accessories, as well as operates as an authorized garage; and rents chattels, passenger carrying vehicles, trucks, pick-ups, and agricultural equipment through a car rental store. In addition, it engages in the activities related to agriculture and reforesting; processing and trading of ethanol, sugar, other resulting products, and by-products for third parties; and provision of agricultural services to third parties. The company is headquartered in São ...

Rua Joaquim Floriano, 72

bairro Itaim Bibi

São Paulo, SP 

Brazil

Key Executives for U.S.J. - Açúcar e Álcool S.A.

Chief Executive Officer and Member of Executive Board
Member of Executive Board, Accountant and Director
Vice President, Member of Executive Board and Director
Member of Executive Board and Director
Compensation as of Fiscal Year 2016.

U.S.J. - Açúcar e Álcool S.A. Key Developments

Carval Announce Extension of Expiration Date for Previously Announced Tender Offer to Purchase of Outstanding 9.875% Senior Notes Due 2019 of U.S.J. - Açúcar e Álcool S.A

CVI EMCVF Lux Securities Trading S.à r.l., EOC Lux Securities S.à r.l., CVI CVF III Lux Securities S.à r.l., CarVal GCF Lux Securities S.à r.l., CVI CVF II Lux Securities Trading S.à r.l., CVIC Lux Securities Trading S.à.r.l. and CVI AA Lux Securities S.à.r.l. (collectively, "CVI") announced the extension of the deadline for the previously announced cash tender offer to purchase any and all of the approximately USD 29.1 million outstanding aggregate principal amount of the 9.875% Senior Notes Due 2019 (the "Notes") of U.S.J. Açucar e Álcool S.A. ("USJ"). The Expiration Date, previously set at 11:59 p.m., New York City time on January 11, 2017 ("Previous Expiration Date"), has been extended and is set to expire, unless earlier terminated by CVI in its sole discretion, at 11:59 p.m., New York City time on January 18, 2017, unless extended by CVI (such time and date, as the same may be extended, the "Expiration Date").

U.S.J. - Açúcar e Álcool S.A. Announces Extension of the Exchange Offer and Consent Solicitation for Any and All of its 9.875% Senior Notes Due 2019

U.S.J. – Açúcar e Álcool S.A. announced that it has extended its previously announced private offer to exchange any and all of its outstanding 9.875% Senior Notes due 2019 for its newly issued 9.875%/12.00% Senior Secured PIK Toggle Notes due 2021 and its concurrent solicitation of consents to certain proposed amendments to the indenture dated as of November 9, 2012, by and among the Company, the guarantor party thereto and The Bank of New York Mellon, as trustee, and The Bank of New York Mellon (Ireland) Limited, as Irish paying agent, pursuant to which the Existing Notes were issued. In order to allow sufficient time to conclude the process of registration and perfection of the collateral securing the New Notes, the Offer is being extended and will now expire at 5:00 p.m., New York City time, on May 16, 2016, unless further extended by the Company. The Offer was previously scheduled to expire at 11:59 p.m., New York City time, on May 13, 2016. As of 5:00 p.m., New York City time, on May 13, 2016, Eligible Holders had validly tendered and delivered consents with respect to $245,696,000 in aggregate principal amount of the Existing Notes, representing 89.34% in aggregate principal amount of the outstanding Existing Notes. The Company may, and currently intends to, waive the 90% minimum participation condition for consummation of the Offer. In addition, the Company has waived the condition to the Offer that Eligible Holders must deliver documentation consenting to an extrajudicial restructuring plan in order for their tender of Existing Notes to be valid. Eligible Holders are no longer required to deliver such documentation in order to validly tender their Existing Notes in the Offer.

Acucar e Alcool S.A. Announces Extension and Amendment of Exchange Offer and Consent Solicitation for Any and All of its 9.875% Senior Notes Due 2019

Açúcar e Álcool S.A. announced that it has extended and amended its previously announced private offer to exchange any and all of its outstanding 9.875% Senior Notes due 2019 and its concurrent solicitation of consents to certain proposed amendments and a waiver with respect to the indenture dated as of November 9, 2012, by and among the Company, the guarantor party thereto and The Bank of New York Mellon, as trustee, and The Bank of New York Mellon (Ireland) Limited, as Irish paying agent, pursuant to which the Existing Notes were issued and solicitation of approvals with respect to an extrajudicial restructuring plan pursuant to a potential recuperação extrajudicial proceeding under the applicable provisions of Brazilian Federal Law No. 11.101/05, which subsequently may be submitted to a U.S. court for recognition pursuant to Chapter 15 of Title 11 of the United States Code. Upon the request of Eligible Holders that own a substantial portion of the Existing Notes, the company has decided to amend the terms of the Offer so that if holders representing more than 60% but less than 90% of the aggregate principal amount of the Existing Notes participate in the Exchange Offer, the Company receives certain corporate approvals and the applicable courts approve the Plan, Eligible Holders, subject to certain conditions, will now be eligible to receive the consideration of USD 750.00 in aggregate principal amount of newly issued 9.875%/12.00% Senior Secured PIK Toggle Notes due 2021 (the "New Notes") for each USD 1,000 in aggregate principal amount of Existing Notes validly tendered on or prior to the Expiration Date. In this case, holders of the Existing Notes will only receive the New Notes after the Plan is approved by the applicable courts.

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