ISS Global tenders for up to €200 million of 1.125% notes due 2021

By Marisa Wong

Los Angeles, Dec. 4 – ISS Global A/S announced a cash tender offer for up to €200 million of its €500 million outstanding 1.125% notes due Jan. 7, 2021.

The offer expires at 11 a.m. ET on Dec. 10.

The tender offer consideration will be determined using a fixed purchase yield of negative 0.15%. Pricing will be set at or around 4:30 a.m. ET on Dec. 11.

In addition, the company will pay accrued interest.

Settlement is expected to be on Dec. 13.

If the total amount of notes tendered exceeds the offer cap, the company will accept notes for purchase on a pro rata basis.

BNP Paribas (+44 20 7595 8668, liability.management@bnpparibas.com) and Deutsche Bank, London Branch (+44 20 7545 8011) are the dealer managers.

Lucid Issuer Services Ltd. (+44 20 7704 0880, iss@lucid-is.com) is the tender agent.

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