Lafarge accepts tenders for $76.91 million of 7.125% notes due 2036

By Sarah Lizee

Olympia, Wash., June 20 – Lafarge SA announced the results of its tender offer for any and all of its $600 million 7.125% notes due 2036 that expired at 5 p.m. ET on June 19.

The company received and accepted $76,912,000 of validly tendered notes by the deadline, according to a Thursday press release.

As previously reported, the tender offer consideration per $1,000 principal amount will be $1,255. Holders will also receive accrued interest.

Settlement is expected for June 24.

The company said the purpose of the tender offer is to provide liquidity to holders and to deleverage the balance sheet of the Lafarge Holcim group following recent asset disposals and also to optimize its cost of financing.

Mizuho Securities USA LLC (866 271-7403 toll free, 212 205-7736 collect or +44 20 7090 6134), Morgan Stanley & Co LLC at (800 624-1808 toll free, 212 761-1057 collect or +44 20 7677 5040) and Santander Investment Securities Inc. (855 404-3636 toll free or 212 940-1442 collect) are dealer managers.

D.F. King & Co., Inc. (800 829-6554 toll free, 212 269-5550 collect or lafarge@dfking.com) is the tender agent.

Lafarge is a cement company based in Paris.

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