Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers D > Headlines for DII Industries LLC > News item |
Halliburton to exchange notes for subsidiary DII notes
By Carlise Newman
Chicago, Oct. 10 - Halliburton has begun an offer to issue new 7.6% notes due 2096 in exchange for the $300 million outstanding 7.6% notes due 2096 of its subsidiary DII Industries LLC.
In addition, DII Industries is soliciting consents to amend the indenture governing the DII Industries notes to eliminate the bankruptcy-related events of default.
DII Industries will make a consent payment of $2.50 per $1,000 to holders who validly tender their existing notes and deliver their consents by the consent payment deadline of 5.00 p.m. ET on Oct. 24.
The exchange offer will expire at 5.00 p.m. ET on Nov. 7.
Holders of DII Industries notes may give their consent to the proposed amendments only by tendering notes in the exchange offer and will be assumed to have given their consent by tendering.
Halliburton is making the exchange offer only to qualified institutional buyers under Rule 144A and people outside the United States under Regulation S.
© 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.