Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Tenders > Headlines for 2019 > News item |
Amsted Industries begins tender offer for 5 3/8% notes due 2024
By Marisa Wong
Los Angeles, Dec. 9 – Amsted Industries Inc. said it has begun a cash tender offer for any and all of its outstanding 5 3/8% senior notes due 2024.
The offer will expire at 5 p.m. ET on Dec. 13.
The company is offering a total consideration of $1,029.38 per $1,000 principal amount of notes. The tender consideration includes accrued interest from the most recent interest payment date up to but excluding the payment date, which is expected to be Dec. 16.
Tenders may be withdrawn at any time prior to the expiration time.
The tender offer is conditioned on Amsted having available funds, including gross proceeds of at least $300 million from a debt financing transaction, in an amount sufficient to pay the tender offer consideration for all outstanding notes in the tender offer.
Amsted said it intends to redeem any notes that remain outstanding after the tender offer.
Wells Fargo Securities, LLC (866 309-6316 or 704 410-4759) is dealer manager for the tender offer.
D.F. King & Co., Inc. (amsted@dfking.com, 866 207-2324 or 212 709-3328, www.dfking.com/amsted) is the tender agent and information agent.
Amsted is a Chicago-based manufacturer of industrial components primarily for the railroad, vehicular and construction markets.
© 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.