Worthington Industries tenders for $138 million 6.7% notes due 2009

By Susanna Moon

Chicago, June 1 - Worthington Industries Inc. said it began a cash tender offer for $138 million outstanding principal amount of its 6.7% notes due Dec. 1, 2009.

The company said it will pay $1,025 per $1,000 principal amount plus accrued interest to the payment date, which is expected to be June 12.

The tender offer will expire at 5 p.m. ET on June 8.

Funding will come from a combination of cash on hand and borrowing under credit facilities.

D.F. King & Co., Inc. (800 290-6426 or 212 269-5550) is the information agent. Wachovia Securities (866 309-6316 or collect 704 715-8341) is the dealer manager.

Worthington is a diversified metal processing company based in Columbus, Ohio.

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