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China’s Tri-Control offers notes due 2019 for $24 million 8¾% notes
By Susanna Moon
Chicago, Nov. 14 – Tri-Control Automation Co., Ltd. is offering to exchange its $24 million of 8¾% guaranteed senior notes due 2018.
In exchange for each $1,000 principal amount, the company will issue par amount of dollar-denominated senior notes due 2019 plus accrued interest, according to an announcement.
The exchange offer will end at 11 a.m. ET on Nov. 20, with settlement set for Nov. 23.
The offer contains a $10 million minimum acceptance condition.
The issuer said it plans to use internal funds to pay accrued interest.
The paying and transfer agent for the new notes is Citibank, NA, London Branch.
D.F. King (+44 20 7920 9700, +852 3953 7231 or cag@dfkingltd.com) is the information and exchange agent.
Tri-Control Automation sells petrochemical and railway machinery products. The company was incorporated in 2001 and is based in Wan Chai, Hong Kong.
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