Leonardo tenders for any and all 7 3/8%, 6¼% notes due 2039, 2040

By Wendy Van Sickle

Columbus, Ohio, Nov. 7 – Leonardo SpA announced a tender offer for any and all of the $168,936,000 of outstanding 7 3/8% guaranteed notes due 2039 and the $262,825,000 of outstanding 6¼% guaranteed notes due 2040 issued by Leonardo US Holding, Inc.

Leonardo is offering $1,252.50 per $1,000 principal amount of the 7 3/8% notes and $1,152.20 per $1,000 principal amount of the 6¼% notes, according to a news release.

The tender ends at 5 p.m. ET on Nov. 15.

Leonardo will also pay accrued interest up to but excluding the settlement date, which is expected to be Nov. 20.

There is no minimum tender condition, but the offer is subject to some other conditions.

Citigroup Global Markets Ltd. (800 558-3745, 212 723-6106, +44 20 7986 8969 or liabilitymanagement.europe@citi.com), Goldman Sachs International (800 828-3182, 212 357-1452, +44 20 7552 6157 or liabilitymanagement.eu@gs.com), J.P. Morgan Securities LLC (866 834-4666, 212 834-3424 or +44 20 7779 2468) Merrill Lynch International (888 292-0070, 980 388-3646, +44 20 7996 5420 or dg.lm_emea@baml.com) and Morgan Stanley & Co. (800 624-1808 or 212 761-1057) are joint lead dealer managers. Banca IMI, Barclays, Credit Agricole CIB, MUFG and UniCredit Capital Markets are co-dealer managers.

D.F. King & Co., Inc. (leonardo@dfking.com, 212 269-5550, 800 848-2998 or +44 20 7920 9700) is information agent and tender agent.

Leonardo US Holdings was formerly known as Meccanica Holdings USA, Inc. while Leonardo SpA was formerly Finmeccanica SpA.

Leonardo is a Rome-based aerospace, defense and security company.

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