Ferro investors tender $100.5 million 6.5% convertibles due 2013

By Devika Patel

Knoxville, Tenn., Aug. 31 - Ferro Corp. said it completed its tender offer for all $172.5 million of its 6.5% convertible senior notes due 2013. Ferro has purchased all $100.504 million tendered notes, or about 58% of the outstanding amount.

The offer expired at midnight ET on Aug. 23. It began on July 27.

The company paid 103 plus accrued interest up to, but excluding, the settlement date.

Credit Suisse Securities (USA) LLC (800 820-1653 or 212 538-2147) was the dealer manager for the tender offer and Global Bondholder Services Corp. (866 873-7700) was the information agent.

Ferro is a Cleveland-based supplier of technology-based performance materials for manufacturers.

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