Gamco tenders for any and all $100 million of 5.875% notes due 2021

By Wendy Van Sickle

Columbus, Ohio, Nov. 18 – Gamco Investors, Inc. began a cash tender offer for any and all of its $100 million of outstanding 5.875% senior notes due June 1, 2021, according to a press release.

The purchase price will be $1,010 for each $1,000 principal amount of notes tendered under the offer. The company will also pay accrued interest through, but not including, the settlement date, which is expected to be Dec. 18.

The offer will expire at 5 p.m. ET on Dec. 17.

The Bank of New York Mellon is the depositary.

Gamco Investors is based in Rye, N.Y. It manages private advisory accounts through Gamco Asset Management Inc., mutual funds and closed-end funds through Gabelli Funds, LLC and partnerships and offshore funds through Gabelli Securities, Inc.

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