Tupperware gives results in second tender for 4¾% notes due 2021

Chicago, July 9 – Tupperware Brands Corp. announced the expiration and final tender results of its second tender offer for its offer to purchase for cash its 4¾% senior notes due 2021, according to a press release.

As previously announced, the company accepted for purchase and made payment for $97,402,000 principal amount of notes from a combined first offer and second offer, with an early tender deadline of 11:59 p.m. ET on June 23.

As of the final expiration time of the second offer, an additional $157,000 principal amount of notes were tendered.

The company will make payment on July 10 for $535 per $1,000 face amount of notes plus interest.

The amount does not include the payment of $40, which was paid to noteholders who tendered by the early deadline.

A total of $97,559,000 of the notes has been tendered from both offers.

As previously reported, the second offer maximum amount was set at $175 million, less the aggregate principal amount of the notes validly tendered and not validly withdrawn under the first offer and accepted for purchase in the second offer.

The second offer was subject to at least $140 million of notes being validly tendered in the second offer, but the company said it waived this condition.

The dealer manager for both offers is Moelis & Co. LLC (888 399-8991).

The tender agent and information agent for both offers is D.F. King & Co. (800 207-3159, 212 269-5550 for banks and brokers, tup@dfking.com).

Tupperware is an Orlando, Fla.-based multi-level marketing company with a main focus on kitchen and household products.

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