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Brazil’s Klabin takes in tenders of $228.54 million 5¼% notes due 2024
By Wendy Van Sickle
Columbus, Ohio, April 2 – Klabin Finance SA, a subsidiary of Klabin SA, took in tenders of $228,538,000, or 45.71%, of its $500 million 5¼% notes due 2024 in its five-day tender offer to purchase for cash any and all of the notes, according to a notice.
The offer expired at 5 p.m. ET on April 1.
The tender offer consideration is $1,031.25 per $1,000 note, plus accrued interest up to but excluding the payment date, which is expected to be April 4.
The offer began on March 26.
The notes are guaranteed by Klabin SA.
The tender offer is conditioned on Klabin Austria GmbH pricing a new series of notes.
The dealer managers for the tender offer are BofA Merrill Lynch (888 292-0070 or 646 855-8988), Banco Bradesco BBI SA (646 432-6643), Citigroup Global Markets Inc. (800 558-3745 or 212 723-6106), HSBC Securities (USA) Inc. (888 HSBC-4LM or 212 525-5552), Itau BBA USA Securities, Inc. (888 770-4828) and Santander Investment Securities Inc. (855 404-3636 or 212 940-1442).
D.F. King & Co., Inc. (212 269-5550, 800 870-0653 or klabin@dfking.com) is acting as the information agent and the tender agent.
Klabin is a Sao Paulo-based pulp, paper and paper products company.
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