Corus holders tender €375,000 of 7½% notes during change-of-control offer

By Angela McDaniels

Seattle, June 8 - Corus Group plc said it received tenders for €375,000 of its €800 million of 7½% senior notes due 2011 during a change-of-control tender offer that ended at noon ET on June 1.

The tendered notes were repurchased on Thursday.

For each €1,000 principal amount of notes, Corus paid €1,023.75, equal to 101% of par plus accrued interest to the settlement date.

The total purchase price for the notes was €383,906.25, according to a company news release.

The tender offer began on May 2 following the company's acquisition by Tata Steel Ltd.

Corus Group is a London-based metals group that manufactures, processes and distributes steel and aluminum products.

© 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.