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Campofrio holders tender 1.7% of 8¼% notes in change-of-control offer
By Angela McDaniels
Tacoma, Wash., Aug. 28 – Campofrio Food Group, SA received tenders for €8,424,000 principal amount, or 1.7%, of its 8¼% senior notes due 2016 and has accepted all of the tendered notes for repurchase, according to a company news release.
The company began a change-of-control tender offer for the €500 million of notes on July 4. The offer ended at noon ET on Aug. 27 and is expected to settle on Aug. 29.
Holders who tendered will receive €1,010 per €1,000 principal amount of notes.
Deutsche Bank AG, London Branch (44 0 20 7547 5000 or xchange.offer@db.com) was the tender agent.
Campofrio is a Madrid-based processed meat company.
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