Invensys buys $95.518 million, €5.879 million notes in tender

New York, Feb. 24 - Invensys plc said it completed its tender offer for two series of notes, buying $95.518 million of its 7 1/8% notes due 2007 originally issued by Siebe plc and €5.879 million of its 5½% notes due April 1, 2005.

The company cancelled a further €6.940 million of the euro notes that it already held for a total of €12.819 million.

Following the tender offer, there are $1.6 million of the dollar notes and €35.076 million of the euro notes outstanding.

The tender expired at 5 p.m. ET on Feb. 22.

The response is essentially unchanged from that at the initial deadline of 5 p.m. ET on Feb. 4. Invensys said after the initial period expired that it bought €12.812 million of its €47.9 million 5½% notes and $95.518 million of its $97.1 million 7 1/8% notes.

As amended on Feb. 8, holders who tendered received €1,003.75 per €1,000 principal amount for the 5½% notes and $1,057.50 per $1,000 principal amount for the 7 1/8% notes.

Invensys announced the tender on Jan. 24.

The dealer manager is Deutsche Bank AG London (contact Liability Management Group at +44 20 7545 8011). The information agent is Global Bondholder Services Corp. (banks and brokers call collect 212 430-3774; others call 866 807-2220).

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