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Syngenta kicks off fast tender offer for 4.375% notes due 2042
Chicago, Dec. 6 – Syngenta Finance NV started a fast-turnaround tender offer for any and all of its $67,753,000 outstanding 4.375% notes due March 28, 2042 (Cusip: 87164KAB0), according to a press release.
The company is offering $1,040 per $1,000 note. Interest will also be paid to the settlement date.
The company aims to proactively manage its debt portfolio, reduce its future interest expense and provide liquidity to noteholders through the offer.
The offer ends at 5 p.m. ET on Dec. 10, also the withdrawal deadline.
Results are expected to be announced on Dec. 13.
Settlement is planned for Dec. 15.
There are guaranteed delivery procedures for the offer.
HSBC Continental Europe is the dealer manager (+44 20 7992 6237, 888 HSBC 4LM, 212 525-5552, liability.management@hsbcib.com).
D.F. King & Co., Inc is the information and tender agent for the offer (888 605-1958, 212 269-5550, syngenta@dfking.com, https://sites.dfkingltd.com/syngenta).
The agribusiness company is based in Basel, Switzerland.
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