Nyrstar takes in tenders for €29.5 million 4.25% convertibles at par

By Susanna Moon

Chicago, March 9 – Nyrstar NV’s subsidiary, Nyrstar Netherlands (Holdings) BV, received tenders for €29.5 million of its €120 million 4.25% convertible bonds due 2018.

The tender offer ran from Feb. 27 until 10 a.m. ET on March 8.

Nyrstar accepted all of the tendered convertibles for purchase at a price of par, according to a company notice.

As announced Feb. 27, the tender offer was contingent on closing of a €350 million issue of senior notes due 2024.

The financing condition was met after the company issued €400 million of senior notes due 2024, the company noted.

After settlement on March 10, there will be €90.5 million of the notes left outstanding.

Nyrstar is a Belgium-incorporated metals company with its corporate office in Switzerland.

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