Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Advance Agro PCL > News item |
Thailand's Advance Agro starts tender, solicitation for 11% notes
By Jennifer Chiou
New York, Nov. 20 - Advance Agro PCL announced the launch of a cash tender offer for up to $73.5 million of its $144,055,000 of 11% senior notes due 2012.
The Bangkok-based paper and pulp producer is also soliciting consents to amend the note indenture. Those who tender must deliver consents.
The modified Dutch auction will end at 5 p.m. ET on Dec. 16. The consent deadline is 5 p.m. ET on Dec. 2.
For each $1,000 principal amount, the company said it will accept tender bids in the range of $985 to $1,000, including a $5 consent fee for those who tender by the early deadline.
Advance Agro said that $250 million of the notes was issued on Dec. 19, 2005.
© 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.