| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers Tenders > Headlines for 2017 > News item |
Simmons Foods calls 7 7/8% senior secured notes due 2021
New York, Oct. 30 – Simmons Foods Inc. will redeem its $22,934,000 of outstanding 7 7/8% second-lien senior secured notes due 2021 on Nov. 7, according to a notice from the issuer.
The redemption price will be 105.906% of par plus accrued interest.
A tender for the notes is under way and will expire at 11:59 p.m. ET on Nov. 6.
As previously reported, holders had tendered $392 million, or about 94.5%, of the notes by the consent deadline of 5 p.m. ET on Oct. 23.
Notes tendered by the consent deadline were purchased at 106.356% of par on Oct. 24.
The tender price for notes submitted after that deadline is 103.356% of par.
Simmons Foods is a Siloam Springs, Ark., processor of poultry and producer of private label wet pet food.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.