GEA Group begins tender offer for €400 million 4.25% notes due 2016

By Susanna Moon

Chicago, Nov. 18 – GEA Group Aktiengesellschaft said it began a tender offer for its €400 million of 4.25% notes due 2016.

The purchase price will be 105.5 plus any accrued interest to but excluding the settlement date of Dec. 11.

The solicitation is being made as part of the company's commitment to actively manage its balance sheet and will be subject to an acceptance amount yet to be determined, according to a company press release.

The tender offer will end at 11 a.m. ET on Dec. 5.

The dealer manager is Unicredit Bank AG (+49 89 378 17425, attn: corporate liability management, email corporate.lm@unicredit.de). The tender agent is Lucid Issuer Services Ltd. (+44 207 704 0880, attn: Paul Kamminga, email: gea@lucid-is.com).

GEA is a Dusseldorf, Germany-based management holding company of the GEA Group, a system provider for food and energy processes.

© 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.