CEB plans to redeem 5 5/8% notes due 2023 April 5 after buy by Gartner

By Wendy Van Sickle

Columbus, Ohio, March 6 – CEB Inc. issued a conditional call for its $250 million issue of 5 5/8% notes due 2023, according to an 8-K filed with the Securities and Exchange Commission.

The notes are set to be redeemed on April 5 at par plus a make-whole premium plus the accrued interest up to, but excluding, the redemption date, subject to the consummation of CEB by Gartner, Inc.

On Jan. 5, the company entered into a definitive agreement under which Gartner is set to acquire CEB in a cash-and-stock transaction valued at about $2.6 billion. Gartner will also assume and refinance about $900 million of CEB’s debt.

CEB is a business solutions company based in Arlington, Va. Gartner is a Stamford, Conn.-based information technology research and advisory company.

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