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Seven Group will buy back A$114.2 million of convertibles due 2025
Chicago, Oct. 7 – Seven Group Holdings Ltd. announced the results of its offer to buy from its A$350 million convertible notes due 2025 (ISIN: XS1785357739) via a new offer of exchange bonds, according to a press release.
The company decided to repurchase A$114.2 million of the existing bonds with the proceeds of the new notes.
The company was offering to repurchase the 2025 notes at par plus any accrued interest to the settlement date.
Noteholders who tendered their notes were eligible for preference in the allocation of the new notes.
Seven Group is an Australian diversified operating and investment group with market leading businesses and investments in industrial services, oil and gas and media.
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