Klabin Austria prices full redemption of 5¼% notes due 2024

By William Gullotti

Buffalo, N.Y., June 29 – Klabin Austria GmbH, as substitute debtor for Klabin Finance SA, gave the total cash consideration for its upcoming redemption of all of the 5¼% notes due 2024 (Cusips: 49835LAA9, L5828LAA7), according to a notice on Thursday.

As previously reported with the initial announcement on June 5, the notes were to be redeemed in full with a Treasuries plus 40 basis point make-whole premium.

The company will pay a total consideration of $130,335,751.10.

The total consideration is comprised of $127,237,000 to repay 100% of the outstanding principal at par and $3,098,751.10 of accrued and unpaid interest from Jan. 16 up to, but excluding, the redemption date.

The anticipated make-whole premium was $0.

As previously reported, the redemption date will be July 3.

The notes are guaranteed by Klabin SA.

Bank of New York Mellon is the paying agent.

Klabin is a Sao Paulo, Brazil-based pulp, paper and paper products company.

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