Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers W > Headlines for Worthington Industries Inc. > News item |
Worthington Industries gets tenders for 85.9% of 6.7% notes due 2009
By Susanna Moon
Chicago, June 8 - Worthington Industries Inc. said it accepted $118.5 million of its 6.7% notes due Dec. 1, 2009, or 85.9% of the outstanding amount, in the cash tender offer for $138 million of the notes.
The offer expired at 5 p.m. ET on June 8. It began on June 1.
The company previously said it will pay $1,025 per $1,000 principal amount plus accrued interest to the payment date, which is expected to be June 12.
Funding will come from a combination of cash on hand and borrowing under credit facilities.
D.F. King & Co., Inc. (800 290-6426 or 212 269-5550) is the information agent. Wachovia Securities (866 309-6316 or collect 704 715-8341) is the dealer manager.
Worthington is a diversified metal-processing company based in Columbus, Ohio.
© 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.