Syngenta announces tender results for 4.375%, 5.676% long-dated notes

By Taylor Fox

New York, Feb. 1 – Syngenta Finance NV announced the final results of its offer to purchase for cash all $250 million 4.375% notes due March 28, 2042 (Cusip: 87164KAB0) and all $500 million 5.676% senior notes due April 24, 2048 (Cusips: 87164KAJ3, N84413CN6), according to news release.

The offer expired at 5 p.m. ET on Jan. 29 with $184,085,000 of the 2042 notes and $93,852,000 of the 2048 notes validly tendered, plus $162,000 of the 2042 notes and $2,563,000 of the 2048 notes tendered using guaranteed delivery procedures.

Syngenta plans to accept for payment all notes validly tendered.

As previously reported, a total consideration of $980 per $1,000 note will be paid for the 2042 notes, and a total consideration of $1,052.50 is being offered for the 2048 notes. Interest will also be paid.

The guaranteed delivery date is 5 p.m. ET on Feb. 2.

Settlement is expected for Feb. 3.

The dealer manager for the offer is HSBC Continental Europe (+44 20 7992 6237, 888 HSBC 4LM, 212 525 5552, liability.management@hsbcib.com).

D.F. King & Co. Inc. is the tender agent (877 283-0325, 212 269-5550, syngenta@dfking.com, https://sites.dfkingltd.com/syngenta).

The agribusiness company is based in Basel, Switzerland.

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