Acuity Brands tenders for any and all 6% notes

By Jennifer Chiou

New York, Dec. 1 - Acuity Brands, Inc. announced the start of a cash tender offer to purchase any and all of its $160 million of 6% notes due 2009.

The offer is set to end at 5 p.m. ET on Dec. 9.

Acuity is offering $990 per $1,000 principal amount of notes, plus accrued interest up to but excluding the settlement date.

Citi is the dealer manager (800 558-3745 or 212 723-6106). Global Bondholder Services Corp. is the depositary and information agent (call collect 212 430-3774 or 866 540-1500).

Atlanta-based Acuity Brands is made up of Acuity Brands Lighting and Acuity Specialty Products. Following the previously announced spinoff, Acuity Brands will be focused solely on its lighting fixtures business, and Zep Inc., the new independent company, will provide cleaning and maintenance services and products to commercial, industrial, institutional and consumer end-markets.

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