USG announces results of change-of-control offer for senior notes

Chicago, May 24 – USG Corp. announced the final results of its offer to purchase for cash any and all of its outstanding 5½% senior notes due 2025 and its 4 7/8% senior notes due 2027.

The company had previously offered to purchases for cash any outstanding notes at a purchase price of 101 plus any unpaid interest through the date of payment, according to a notice.

At the time the offer expired, 5 p.m. ET on May 22, $274,966,000 in aggregate principal amount of 2025 notes and $478,678,000 in aggregate principal amount of 2027 notes were validly tendered and not validly withdrawn.

All the notes tendered were accepted for purchase, and payment was made on May 24.

After the payments, $75,034,000 of the 2025 notes and $21,322,000 of the 2027 notes remain outstanding.

USG is a Chicago-based manufacturer of building materials.

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