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Tomkins accepts tenders for £4.94 million 8% notes at price of 105
By Jennifer Chiou
New York, Jan. 18 - Tomkins Ltd. said it accepted for purchase £4,936,000 of its 8% notes due 2011 in a tender offer that finished on Jan. 14.
The company will pay a purchase price of 105 plus accrued interest of £6.58 per £1,000 principal amount of notes to Jan. 19. The purchased notes will be canceled.
The London-based engineering group announced that holders would be able to sell their notes to the company beginning on Dec. 30.
As already reported, the company accepted tenders for £40,906,000 of the original £150 million of notes in an October tender offer.
Following the settlement date, the outstanding amount of notes will come in at £102,093,000.
The notes are guaranteed by Tomkins Finance Ltd.
The dealer managers were Citigroup Global Markets Ltd. (+44 20 7986 8969 or liabilitymanagement.europe@citi.com) and Merrill Lynch International (+44 20 7995 6438/9217 or benjamin.liang@baml.com).
The tender agent was Lucid Issuer Services Ltd. (44 20 7704 0880 or tomkins@lucid-is.com).
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