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Consolidated Energy kicks off tender offer for floaters due 2022
Chicago, Oct. 8 – Consolidated Energy Finance SA commenced a tender offer for up to $105,001,000 of its $215,001,000 outstanding senior floating-rate notes due 2022 (Cusips: L1957QAC4, 20914UAC0), according to a news release.
The company is offering to pay $1,000 for each $1,000 note, inclusive of a $30 early tender payment. Accrued interest will also be paid.
Noteholders who tender their notes by the early deadline at 5 p.m. ET on Oct. 22 will receive the total consideration. The early deadline is also the withdrawal deadline.
The tender offer will expire at 11:59 p.m. ET on Nov. 5.
Tendered notes may be subject to proration.
All notes purchased will be canceled.
Morgan Stanley & Co. LLC is the dealer manager (800 624-1808, 212 761-1057).
D.F. King & Co., Inc is the information and tender agent for the offer (800 591-8263, 212 269-5550, cef@dfking.com).
Consolidated Energy is a Medford, N.Y.-based retail fuel oil supplier.
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