Kabel BW Holdings calls, announces tender for €170 million floating-rate senior notes due 2015

By Jennifer Chiou

New York, June 2 - Kabel BW Holdings GmbH announced a tender for and the redemption of all €170 million of its floating-rate senior notes due 2015.

For each €1,000 principal amount of notes, holders who tender will receive €1,030 plus accrued interest.

The offer ends at noon ET on June 30.

Those who tender their holdings by noon ET on June 16 will receive an additional payment of €1.25 per €1,000 principal amount of notes.

Notes not tendered will be redeemed by the company at 103% plus accrued interest to July 5, the redemption date.

The redemption and tender are conditioned upon the merger with Kabel BW Zweite Beteiligungs GmbH.

Deutsche Bank AG is the paying agent and tender agent (44 20 7457 5000). The dealer managers for the tender offer are Morgan Stanley & Co. International Ltd. (44 20 7677 5040) and The Royal Bank of Scotland (44 20 7085 3343).

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