Viasystems chooses early settlement for $94.07 million 10½% notes received by early tender date

By Angela McDaniels

Tacoma, Wash., Nov. 23 - Viasystems, Inc. has decided to settle the $94,068,000 of its 10½% senior subordinated notes due 2011 tendered by the early tender date prior to the expiration of its tender offer, according to a company news release.

The early tender date was 5 p.m. ET on Nov. 9, and the notes tendered by this time will be settled on Nov. 24.

The tender offer for the $200 million of notes began Oct. 27 and will end midnight ET on Nov. 24.

The payout is $1,005 per $1,000 principal amount of notes. This amount includes an early tender premium of $30 per $1,000 principal amount of notes tendered by the early tender date.

Holders will also receive accrued interest up to but excluding the applicable settlement date.

The dealer manager is Goldman, Sachs & Co. (800 828-3182), and the information agent is Global Bondholder Services Corp. (866 924-2200).

St. Louis-based Viasystems makes multi-layer printed circuit boards and electro-mechanical solutions.

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