Lafarge launches tender offer for 5.875%, 5.5%, 4.75% notes

By Marisa Wong

Morgantown, W.Va., March 25 – Lafarge SA announced a tender offer for any and all of its €198,343,000 outstanding 5.875% notes due July 2019, €357,257,000 outstanding 5.5% notes due December 2019 and €371,224,000 outstanding 4.75% notes due March 2020.

The offer expires at 11 a.m. ET on April 1.

The price payable per €1,000 principal amount will be determined using a fixed purchase yield of negative 0.35% for the 5.875% notes, negative 0.3% for the 5.5% notes and negative 0.25% for the 4.75% notes.

The company will also pay accrued interest to but excluding the settlement date, which is expected to be April 3.

J.P. Morgan Securities plc (+44 20 7134 2468, attn.: liability management, emea_lm@jpmorgan.com), Morgan Stanley & Co. International plc (+44 20 7677 5040, attn.: liability management group, liabilitymanagementeurope@morganstanley.com) and Natixis (+33 1 58 5508 14 / +33 1 5855 05 56, attn.: liability management, liability.managementcorporate@natixis.com) are acting as joint dealer managers, and Citibank NA, London Branch (+44 20 7508 3867 attn.: exchange team, citiexchanges@citi.com) is acting as tender agent.

Lafarge is a cement company based in Paris.

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