OFFER TO PURCHASE FOR CASH
AI Candelaria (Spain), S.A.

Offer to Purchase for Cash
its 7.500% Senior Secured Notes Due 2028
up to a maximum Aggregate Purchase Price of US$130,000,000
(CUSIP Nos. 001355AA4 / E0R75QAA6; ISIN Nos. US001355AA49 / USE0R75QAA61)

The Tender Offer will expire at 5:00 p.m., New York City time, on July 25, 2025, unless extended or earlier terminated (such time and date, as the same may be extended or earlier terminated, the “Expiration Time”). In order to be eligible to receive the Total Consideration for your Notes that is shown in the table at the bottom of this page, you must validly tender (and not validly withdraw) your Notes at or prior to 5:00 p.m., New York City time, on July 10, 2025, unless extended or earlier terminated (such time and date, as the same may be extended or earlier terminated, the “Early Tender Deadline”). Tendered Notes may be withdrawn in accordance with the terms of the Tender Offer at or prior to 5:00 p.m., New York City time, on July 10, 2025, but not thereafter, unless such time is extended (such time, as the same may be extended, the “Withdrawal Time”).


Notes

CUSIP / ISIN Numbers

Principal Amount of Notes Prior to Amortization(1)

Outstanding Principal Amount of Notes reflecting Amortization

Tender Offer Consideration(2)(3)

Early Tender Payment(2)


7.500% Senior Secured Notes Due 2028


Rule 144A:
001355AA4 / US001355AA49

 Regulation S:
E0R75QAA6 / USE0R75QAA61


US$375,100,000


US$243,814,000


US$970.00


US$30.00

______________________________________________________________________________________________________________________________________
(1) As of June 26 , 2025.
(2) For each US$1,000 principal amount of Notes validly tendered and accepted for purchase, multiplied by the Amortization Factor.
(3) Excludes Accrued Interest on the Notes, which will be paid in addition to the Tender Offer Consideration or the Total Consideration, as applicable. The Tender Offer Consideration will be paid following the application of the Amortization Factor on the applicable Settlement Date. The Amortization Factor results from the fact that the Notes have been partially amortized.

To view copie(s) of the Offer to Purchase document(s) please click on the link(s) below

Offer to Purchase

Press Release


To obtain additional copies of the Offer to Purchase, please contact the Tender and Information Agent.

The Information Agent and Tender Agent for the Tender Offer is:

D.F. King & Co., Inc.

28 Liberty Street, Floor 53
New York, New York 10005
United States

Banks and Brokers call: (212) 269-5550
Toll-free: (866) 356-7813
Email: aic@dfking.com

By facsimile: (For Eligible Institutions only):
(212) 709-3328
Confirmation: (212) 232-3233
Attention: Michael Horthman

The Dealer Managers for the Tender Offer are:

Deutsche Bank Securities Inc.

1 Columbus Circle
New York, New York 10019
Attention: Liability Management
Telephone No. Collect: +1 (212) 250-2955
Telephone No. Toll-Free: +1 (866) 627-0391


J.P. Morgan Securities LLC

383 Madison Avenue
New York, New York 10179
Attention: Latin America Debt Capital Markets
Telephone No. Collect: +1 (212) 834-7279
Telephone No. Toll-Free: +1 (866) 846-2874


Any questions regarding the terms of the Tender Offer may be directed to the Dealer Managers. Requests for additional copies of documentation related to the Tender Offer, requests for copies of the Indenture and any questions or requests for assistance in tendering may be directed to the Information Agent and Tender Agent. Beneficial Owners of Notes may also contact their brokers, dealers, commercial banks or trust companies for assistance concerning the Tender Offer.