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Industrias Metalurgicas Pescarmona S.A.I.C. y F. and WPE International Coöperatief U.A. Announce Reduction in Minimum Denominations of Existing Notes and Change of Address

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Industrias Metalurgicas Pescarmona S.A.I.C. y F. and WPE International Coöperatief U.A. Announce Reduction in Minimum Denominations of Existing Notes and Change of Address

PR Newswire

BUENOS AIRES, Brazil, July 27, 2018 /PRNewswire/ -- Industrias Metalúrgicas Pescarmona S.A.I.C. y F. (pending registration of the change of its legal name to 'IMPSA S.A.', hereinafter "IMPSA") and WPE International Coöperatief U.A. ("WPE International") announced today the reduction of the minimum denominations of the 11.25% Notes due 2014 issued by IMPSA, and the 10.375% Senior Notes due 2020 issued by WPE International (collectively, the "Existing Notes") to $1.00/$1.00 for the purpose of participating in the settlement described in the notices dated June 14, 2018.  The reduction of the minimum denominations of the Existing Notes was made to facilitate additional holders of Existing Notes to participate in the settlement of the Existing Notes set forth in each of IMPSA's and WPE International's Settlement Instructions dated June 14, 2018 (as extended by IMPSA and WPE International on July 20, 2018, collectively the "Settlement Instructions").  Unless otherwise defined herein, terms defined in the Settlement Instructions are used herein as therein defined.

IMPSA and WPE International also announced, effective as of July 30, 2018, the change of their address in the City of Buenos Aires, where all communications to IMPSA and/or WPE International under the Settlement Instructions must be addressed, to Cerrito 1136, 7th floor, C1010AAX, Buenos Aires, Argentina.

The Discount Notes to be delivered pursuant to each of the Settlement Instructions will be settled in furtherance of the Restructuring Plan and in accordance with the terms and conditions of each of the Settlement Instructions.  A description of the Restructuring Plan, including the terms of the Discount Notes, is available in Spanish and in English at http://www.cnv.gob.ar/info_financiera.asp. The indentures under which IMPSA's discount notes will be issued will be available in English at: http://www.cnv.gob.ar/info_financiera.asp.

D.F. King & Co., Inc. is the settlement agent under each of the Settlement Instructions.

Questions regarding each of the Settlement Instructions should be directed to IMPSA or WPE International, as applicable, and the settlement agent at the contact information below:

Address in the Province of Mendoza, Argentina:
Carril Rodriguez Peňa 2451
Godoy Cruz, Mendoza, Argentina
Telephone: 54-261-413-1300

Address in the City of Buenos Aires, Argentina:
Cerrito 1136, 7th floor
C1010AAX
Buenos Aires, Argentina
Telephone: 54-11-5071-0800

D.F. King & Co., Inc.
48 Wall Street, 22nd Floor,
New York, NY 10005
Telephone: (212) 269 – 5550
All others call Toll Free: (866) 751-6312
Email: wpe@dfking.com

Requests for documentation should be directed to the settlement agent.

Beneficial owners of Existing Notes of IMPSA or WPE International should carefully read each of the Settlement Instructions, as extended from time to time, regarding the relevant procedures and timing to validly deliver certification or instruction letters thereunder.

THIS PRESS RELEASE IS NOT AN OFFER FOR SALE OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES OR IN ANY OTHER JURISDICTION WHERE SUCH OFFER IS PROHIBITED, AND SUCH SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED.  IMPSA AND WPE INTERNATIONAL DOES NOT INTEND TO REGISTER ANY SUCH SECURITIES IN THE UNITED STATES OR TO CONDUCT A PUBLIC OFFERING OF SUCH SECURITIES IN ANY JURISDICTION EXCEPT FOR THE NOTES TO BE ISSUED TO THE HOLDERS OF 11.25% SENIOR NOTES DUE 2014, WHICH PUBLIC OFFERING HAS BEEN AUTHORIZED IN ARGENTINA.

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SOURCE Industrias Metalurgicas Pescarmona S.A.I.C. y F.

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