| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers K > Headlines for Klabin Austria GmbH > News item |
Klabin Austria launches cash tender offers for 2024, 2027 notes
By Marisa Wong
Los Angeles, March 21 – Klabin Austria GmbH announced it has begun tender offers to purchase for cash any and all of its outstanding $173.4 million 5¼% notes due 2024 (Cusip: 49835LAA9, L5828LAA7) and $490.5 million 4 7/8% notes due 2027 (Cusip: 49835LAB7, L5828LAB5), in each case guaranteed by Klabin SA.
Klabin is offering to purchase the 2024 notes at $1,052.75 per $1,000 principal amount and the 2027 notes at $1,034 per $1,000 principal amount.
The tender offers will expire at 5 p.m. ET on March 25. Holders may withdraw tendered notes at any time prior to then.
Settlement is expected to be March 30.
Tenders under guaranteed delivery procedures are due by March 29.
Citigroup Global Markets Inc. (800 558-3745, 212 723-6106), Itau BBA USA Securities, Inc. (888 770-4828 or 212 710-6749) and Santander Investment Securities Inc. (855 404-3636 or 212 940-1442) are the dealer managers for the tender offers.
Morrow Sodali Ltd. (203 609-4910, +44 20 4513 6933, +852 2319 4130, klabin@investor.morrowsodali.com or https://bonds.morrowsodali.com/Klabin) is the information and tender agent.
Klabin is a Sao Paulo, Brazil-based pulp, paper and paper products 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.