National Financial gets tenders for nearly all 0.75% convertibles

By Jennifer Chiou

New York, July 8 - National Financial Partners Corp. said it obtained tenders from holders of $229.9 million, or 99.96%, of its $230 million of 0.75% convertible senior notes due 2012.

The offer expired at midnight ET on July 7. It began on June 9.

The company paid $955 per $1,000 of notes plus interest to, but excluding, the payment date, which was expected to be July 8. In all, the company paid $220.3 million in the offer.

Bank of America Merrill Lynch (888 292-0070) and Goldman Sachs & Co. (800 828-3182) were the dealer managers for the tender offer. D.F. King & Co., Inc. (212 269-5550 or 800 769-4414) was the tender agent and information agent.

National Financial is a New York-based financial products and services company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.