Klabin Austria gives tender results for 2024, 2027 notes

Chicago, March 28 – Klabin Austria GmbH announced the expiration of its tender offers and provided the results for its any-and-all offers for its $173.4 million outstanding 5¼% notes due 2024 (Cusips: 49835LAA9, L5828LAA7) and $490.5 million outstanding 4 7/8% notes due 2027 (Cusips: 49835LAB7, L5828LAB5), according to a press release.

In each case, the notes are guaranteed by Klabin SA.

The company received tenders for $35,963,000, or 20.74%, of the 2024 notes and $234,881,000, or 47.89%, of the 2027 notes.

The deadline was 5 p.m. ET on March 25.

No bonds were tendered via guaranteed delivery.

Settlement is expected for March 30.

As previously reported, noteholders who tendered the 2024 notes will receive $1,052.75 per $1,000 note and $1,034 per $1,000 note for the 2027 notes.

Interest will also be paid to the payment date.

Citigroup Global Markets Inc. (800 558-3745, 212 723-6106), Itau BBA USA Securities, Inc. (888 770-4828 or 212 710-6749) and Santander Investment Securities Inc. (855 404-3636 or 212 940-1442) are the dealer managers for the tender offers.

Morrow Sodali Ltd. (203 609-4910, +44 20 4513 6933, +852 2319 4130, klabin@investor.morrowsodali.com or https://bonds.morrowsodali.com/ Klabin) is the information and tender agent.

Klabin is a Sao Paulo, Brazil-based pulp, paper and paper products company.

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