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Close Brothers announces results of tender offer for dated subordinated notes
By William Gullotti
Buffalo, N.Y., June 9 – Close Brothers Group announced the final results of its cash tender offer to purchase any and all of its £175 million callable dated subordinated notes (ISIN: XS1548943221), according to a press release.
Close Bros. received and accepted tenders for £151,575,000 principal amount of notes.
The company is paying a tender consideration of 102.281, plus accrued interest.
The offer expired at 11 a.m. ET on June 8. Settlement is expected to take place on June 11.
After settlement, £23,425,000 of the notes will be outstanding.
HSBC Bank plc (+44 20 7992 6237; LM_EMEA@hsbc.com); NatWest Markets plc (+44 20 7678 5222; liabilitymanagement@natwestmarkets.com); and UBS AG London Branch (+44 20 7568 1121, ol-liabilitymanagement-eu@ubs.com) are the dealer managers.
Lucid Issuer Services Ltd. (+44 20 7704 0880; Closebrothers@lucid-is.com) is the tender agent.
Based in London, Close Brothers Group is a United Kingdom merchant banking group.
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