| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers Tenders > Headlines for 2023 > News item |
Spains Sacyr starts any and all tender offer at par purchase price
Chicago, March 7 Sacyr, SA started an any-and-all tender offer on Monday for notes that will be repurchased at par, according to an announcement.
Accrued interest will also be paid to the settlement date.
The company is offering to buy from the notes with a current coupon of 3.25% that were issued in multiple placements.
Currently outstanding are the 52.3 million notes issued on March 23, 2021, 156.3 million issued on Oct. 21, 2021, 48.3 million notes issued on May 24, 2022, 10 million notes issued on May 31, 2022 and 34 million notes issued on June 14, 2022.
The company is offering new notes due March 23, 2026 with a coupon that is being talked in the 6.3% area. The sale of the new notes constitutes a new financing condition for the tender offer. The notes will price on March 14.
The tender offer expires at 11 a.m. ET on March 15.
Settlement is planned for March 23.
Banca March, SA is the dealer manager (+34 91 324 515, acasal@bancamarch.es, psacristan@bancamarch.es, lojaume@bancamarch.es).
Issuer Solutions, SL is the tender agent (+34 963 222 555, projects@issuersolutions.com).
Sacyr is a Madrid-based construction company.
© 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.