GEA wraps tender offer, accepts €125.26 million 4.25% notes due 2016

By Toni Weeks

San Luis Obispo, Calif., Dec. 8 – GEA Group AG said it accepted tenders for €125,261,000 of its 4.25% notes due 2016 in the tender offer that expired at 11 a.m. ET on Dec. 5. All tendered notes were accepted, according to a company press release.

GEA Group began the tender offer for its outstanding €400 million of the notes on Nov. 18.

The purchase price of 105.5 plus about 2.72466% of accrued interest will be paid on the settlement date of Dec. 11.

The solicitation was made as part of the company's commitment to actively manage its balance sheet, as previously noted.

The dealer manager was Unicredit Bank AG (49 89 378 17425, attn: corporate liability management, corporate.lm@unicredit.de). The tender agent was Lucid Issuer Services Ltd. (44 20 7704 0880, attn: Paul Kamminga, 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.

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