Nyrstar to buy €61.5 million of 4.25% convertibles at 103.5 in tender

By Susanna Moon

Chicago, Sept. 14 – Nyrstar Netherlands (Holdings) BV said investors had tendered €61.5 million of its €90.5 million 4.25% convertible bonds due 2018 in the tender that ended at 10 a.m. ET on Sept. 13.

The purchase price will be 103.5% of par with settlement set for Sept. 15, according to a company notice on Thursday.

After the offer, there is €29 million of the convertibles left outstanding.

The company said on Sept. 5 that it had begun tendering for the convertibles with funding for the offer to come from an add-on offering of €100 million of 6.875% senior notes due 2024.

Nyrstar Netherlands is a subsidiary of Nyrstar NV, a Zurich, Switzerland-based metals company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.