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Rentokil accepts €174.3 million of 3.25% notes in tender offer
By Cady Vishniac
Detroit, Nov. 20 – Rentokil Initial plc announced Friday that it had accepted tenders for €174,296,000 million of its €350 million 3.25% senior guaranteed notes due 2021 (ISIN: XS0976892611), according to an announcement.
This number reflects an increased made to the maximum purchase price in order to accept all tenders validly received.
The tender price will be 102.203 plus interest.
The tender offer was announced Nov. 12 and expired Nov. 19 at 11 a.m. ET.
Settlement is planned for Nov. 23.
After settlement, €175,704,000 of the notes will remain oustatnding.
ING Bank NV, London Branch (+44 20 7767 6784, liability.management@ing.com) and Merrill Lynch International (+44 20 7996 5420, DG.LM-EMEA@bofa.com) acted as dealer managers.
Lucid Issuer Services Limited (+44 20 7704 0880, rentokil@lucid-is.com) acted as agent.
Rentokil is a business services company based in London.
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