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Lexmark buys $59.11 million of notes due 2020 after change of control
New York, Jan. 24 – Lexmark International, Inc. received change-of-control tenders for $59,105,000 of its senior notes due 2020 in connection with its recent merger.
The company bought the notes at 101% of par plus accrued interest up to but excluding the payment date of Jan. 23, according to a news release.
Holders could tender the notes into the offer until 5 p.m. ET on Jan. 12.
Following settlement, Lexmark has $340,895,000 of the notes remaining outstanding.
As previously announced, the company merged with Ninestar Lexmark Co. Ltd. on Nov. 29, which triggered a put option under the notes.
The notes also were putable because of a “rating event.”
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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