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Brazil’s Klabin begins offer to purchase 5¼% notes due 2024
By Taylor Fox
New York, Jan. 4 – Klabin Finance SA began a cash tender offer to purchase for cash any and all of its $271,462,000 outstanding 5¼% notes due 2024 (Cusip: 49835LAA9) guaranteed by Klabin SA, according to a news release.
Holders who tender notes prior to the expiration time at 5 p.m. ET Jan. 8 or deliver a notice of guaranteed delivery by Jan. 12 will receive the tender offer consideration of $1,116.25 per $1,000 principal amount, plus interest.
The tender offer is conditioned on, among other things, Klabin’s wholly owned subsidiary Klabin Austria pricing a series of new notes.
Tenders may be withdrawn at any time prior to the expiration time.
BofA Securities, Inc. (888 292-0070, 646 855-8988), Banco Bradesco BBI SA (+55 11 3847 5792), Citigroup Global Markets Inc. (800 558-3745, 212 723-6106), Itau BBA USA Securities, Inc. (888 770-4828, 212 834-7279), J.P. Morgan Securities LLC (866 846-2874, 212 834-7279) and Morgan Stanley & Co. LLC (800 624-1808, 212 761-1057) are dealer managers for the tender offer.
D.F. King & Co., Inc. (800 511-9495, 212 269-5550; klabin@dfking.com) is the information and tender agent.
Klabin is a Sao Paulo, Brazil-based pulp, paper and paper products company.
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