CA gets tenders for $176 million 4.75% senior notes

By Jennifer Chiou

New York, Feb. 26 - CA, Inc. said it accepted tenders for $176 million of notes in its cash tender offer to purchase any and all of its $352 million of 4.75% senior notes due Dec. 1, 2009.

The company said it will use cash on hand to repurchase and retire the debt early, which is expected to reduce interest expense in 2009. Settlement is slated for Friday.

CA said it will pay par plus accrued interest from the last interest payment date of Dec. 1 up to the settlement date.

The offer expired at 5 p.m. ET on Feb. 25. It began on Feb. 13.

The offer was not conditioned upon any minimum principal amount of notes being tendered.

CA previously repurchased $148 million of the notes for $143 million in cash.

J.P. Morgan Securities Inc. acted as the dealer manager, MacKenzie Partners, Inc. acted as the information agent, and the Bank of New York Mellon acted as the depositary for the tender offer.

CA is an Islandia, N.Y., information technology management software company.

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