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Huhtamaki accepts 50.32 million of tendered 1 5/8% notes due 2024
By Marisa Wong
Los Angeles, Nov. 21 Huhtamaki Oyj announced the final results of its Nov. 13 tender offer for up to 50 million of its 150 million 1 5/8% notes due Oct. 4, 2024 (ISIN: FI4000282801).
Holders tendered a total of 61,153,000 of the notes, according to a Tuesday press release.
The company said it will accept for purchase 50,316,000 of the tendered notes, subject to a proration factor of 80.2%.
The company will purchase the notes at 979.50 per 1,000 in nominal amount of the notes plus accrued interest.
The offer expired at 9 a.m. ET on Nov. 21. Settlement is expected to be on Nov. 24.
The company announced on Tuesday that the offers new issue condition has been met.
Nordea Bank Abp (+45 6136 0379, Nordealiabilitymanagement@nordea.com) and Skandinaviska Enskilda Banken AB (publ) (+44 7 818 426 149, liabilitymanagementdcm@seb.se) are the dealer managers. Nordea Bank is also the tender agent.
Huhtamaki is a consumer packaging company based in Espoo, Finland.
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