Atlas Copco tenders for up to $400 million of 5.6% notes due 2017

By Susanna Moon

Chicago, March 8 – Atlas Copco AB said it is tendering for up to $400 million principal amount of its $800 million outstanding 5.6% notes due 2017.

The tender offer will run until 11:59 p.m. ET on April 5. Tendered notes may be withdrawn before 5 p.m. ET on March 21.

Pricing will be set at 11 a.m. ET on March 22 using the bid-side price of the 0.875% U.S. Treasury note due May 15, 2017 plus 15 basis points.

The total purchase price will include early tender premium of $30 per $1,000 principal amount of notes tendered by 5 p.m. ET on March 21, the early tender date.

The company also will pay accrued interest up to but excluding the settlement date of April 8.

If the offer is oversubscribed, the tendered notes may be purchased on a prorated basis.

The company said it reserves the right to waive any and all of the conditions to the offer, to extend or terminate the offer and to increase or decrease the maximum tender amount.

Citigroup Global Markets Ltd. (800 558-3745, 212 723-6106 or +44-20-7986-8969) is the dealer manager. The tender agent and information agent is D.F. King Ltd. (sites.dfkingltd.com/AtlasCopco, +44-20-7920-9700, 212 269-5550, 800 581-3783, +852-3953-7230 or AtlasCopco@dfkingltd.com).

Atlas Copco makes compressors, construction and mining tools and equipment, power tools and assembly systems. The company is based in Stockholm.

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