Molex Electronic prices tender offer for 3.9% notes at 97.794

By Wendy Van Sickle

Columbus, Ohio, March 6 – Molex Electronic Technologies LLC priced a tender offer on Thursday for any and all of its $500 million outstanding 3.9% senior notes due 2025 (Cusip: 60856BAC8, U60791AB3), according to a press release.

The consideration will be $977.94 per $1,000 principal amount, based on the 4.625% U.S. Treasury due Feb. 28, 2025 and a 145 basis points fixed spread. Pricing took place at 2 p.m. ET on March 6.

Interest will also be paid to the settlement date.

The offer will expire at 5 p.m. ET on March 6.

Settlement is expected on March 7.

There are guaranteed delivery procedures. Settlement for guaranteed delivery will be three business days after the expiration time.

SMBC Nikko Securities America, Inc. (888 284-9760, liabilitymanagement@smbcnikko-si.com) and Wells Fargo Securities, LLC (704 410-4759, 866 309-6316, liabilitymanagement@wellsfargo.com) are the dealer managers.

D.F. King & Co., Inc. is the information and tender agent for the offer (800 290-6432, molex@dfking.com).

Molex is a Lisle, Ill.-based manufacturer and seller of electronic components.

© 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.