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K+S accepts €116.4 million tendered 3¼% notes due 2024
By Marisa Wong
Los Angeles, Nov. 30 – K+S AG announced results of its Nov. 18 invitation to holders of its €600 million 3¼% notes due July 18, 2024 (ISIN: XS1854830889), of which €400.1 million is outstanding, to tender their notes for purchase for cash up to the maximum acceptance amount of €200 million.
The company accepted all €116.4 million of notes tendered for purchase, according to a notice on Wednesday.
The company will purchase the notes at par plus accrued interest.
The offer expired at 10 a.m. ET on Nov. 29.
Settlement is expected to be on Dec. 1.
After that, €283.7 million of the notes will remain outstanding.
HSBC Continental Europe (+44 20 7992 6237; LM_EMEA@hsbc.com) and ING Bank NV (+44 20 7767 6784; liability.management@ing.com) are the dealer managers.
Kroll Issuer Services Ltd. (+44 20 7704 0880; attn.: Jacek Kusion; kpluss@is.kroll.com; https://deals.is.kroll.com/kpluss) is the tender agent.
K+S is a chemical company based in Kassel, Germany.
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