Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Tenders 2010 > News item |
Tomkins amends issuer names in cash tender offer for 8%, 6 1/8% notes
By Susanna Moon
Chicago, Sept. 27 - Tomkins Ltd. and Tomkins Finance Ltd. amended Pinafore, LLC's tender offer for the £150 million of 8% notes due 2011 issued by Tomkins plc and guaranteed by Tomkins Finance plc and the £250 million of 6 1/8% notes due 2015 issued by Tomkins Finance and guaranteed by Tomkins, according to a company press release.
Tomkins plc and Tomkins Finance plc were re-registered as private limited companies on Sept. 24 and are now known as Tomkins Ltd. and Tomkins Finance Ltd., respectively, the release noted.
The tender offer was amended to reflect the issuer change.
On Sept. 13, Pinafore said it was offering 105.787 for 8% notes tendered by the early deadline and 103.787 for 8% notes tendered after that time but before the offer expiration. The terms of the offer remain unchanged.
For the 6 1/8% notes, the company is offering 100.5 for notes tendered by the early deadline and par for notes tendered after that time but before the offer expiration.
The early deadline was 11 a.m. ET on Sept. 24, and the tender offer will expire at 11 a.m. ET on Oct. 1.
Holders will also receive accrued interest up to but excluding the settlement date, which will be Oct. 6.
Pinafore is a subsidiary of Pinafore Acquisitions Ltd., a newly formed entity created to acquire Tomkins at the direction of Onex Corp. and Canada Pension Plan Investment Board.
The company previously said the acquisition was not conditioned on any minimum number of notes being purchased in the tender offer but that the tender offer was conditioned on the acquisition becoming effective and the subsequent funding of certain third-party debt.
The dealer managers are Citigroup Global Markets Ltd. (+44 20 7986 8969 or liabilitymanagement.europe@citi.com) and Merrill Lynch International (+44 20 7995 3715/2324 or john.m.cavanagh@baml.com/tommaso.gros-pietro@baml.com). The tender agent is Lucid Issuer Services Ltd. (+44 20 7704 0880 or tomkins@lucid-is.com).
Tomkins is an engineering group based in London.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.