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Lexmark holders may put notes due 2020 at 101 after recent merger
By Susanna Moon
Chicago, Dec. 13 – Lexmark International, Inc. is offering to purchase its senior notes due 2020 in connection with its recent merger.
The purchase price will be 101% of par plus accrued interest up to but excluding the payment date of Jan. 23.
The offer will run until 5 p.m. ET on Jan. 12.
The company merged with Ninestar Lexmark Co. Ltd. on Nov. 29, which triggered a put option under the notes.
The notes also are putable because of a “rating event,” according to a company announcement.
D.F. King & Co., Inc. (800 628-8532, 212 269-5550 or lexmark@dfking.com) is the information agent and tender agent.
Lexmark is a Lexington, Ky.-based creator of enterprise software, hardware and services.
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