Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Tenders > Headlines for 2023 > News item |
Klabin Austria prices full redemption of 5¼% notes due 2024
By William Gullotti
Buffalo, N.Y., June 29 – Klabin Austria GmbH, as substitute debtor for Klabin Finance SA, gave the total cash consideration for its upcoming redemption of all of the 5¼% notes due 2024 (Cusips: 49835LAA9, L5828LAA7), according to a notice on Thursday.
As previously reported with the initial announcement on June 5, the notes were to be redeemed in full with a Treasuries plus 40 basis point make-whole premium.
The company will pay a total consideration of $130,335,751.10.
The total consideration is comprised of $127,237,000 to repay 100% of the outstanding principal at par and $3,098,751.10 of accrued and unpaid interest from Jan. 16 up to, but excluding, the redemption date.
The anticipated make-whole premium was $0.
As previously reported, the redemption date will be July 3.
The notes are guaranteed by Klabin SA.
Bank of New York Mellon is the paying agent.
Klabin is a Sao Paulo, Brazil-based pulp, paper and paper products company.
© 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.