Dycom Industries tenders for all 0.75% convertible notes due 2021

By Sarah Lizee

Olympia, Wash., May 5 – Dycom Industries, Inc. launched a tender offer to purchase any and all of its $292,997,000 of 0.75% convertible senior notes due 2021, according to a press release.

The company is offering to pay $950 for each $1,000 principal amount of convertible notes validly tendered and accepted plus accrued interest up to but excluding the date of payment.

The offer will expire at midnight ET on June 2.

The offer is not conditioned on any minimum amount of convertible notes tendered but is conditioned on some customary conditions.

The company expects to fund purchases of convertible notes tendered in the offer with cash on hand.

The information agent for the offer is D.F. King & Co., Inc. (866 530-8635, 212 269-5550, dycom@dfking.com).

Dycom has retained Goldman Sachs & Co. LLC (212 902-4841) and BofA Securities, Inc. (980 387-9534) to act as dealer managers for the offer.

Dycom is a Palm Beach Gardens, Fla.-based provider of specialty contracting services.

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