Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for China Glass Holdings Ltd. > News item |
China Glass tenders for $100 million 9 5/8% senior notes due 2012
By Aaron Hochman-Zimmerman
New York, June 4 - China Glass Holdings Ltd. announced a tender offer for $100 million of its 9 5/8% senior notes due 2012, according to a market source.
The company is offering to pay 48 cents on the dollar.
If noteholders tender before the early consent deadline of 5 a.m. ET on June 19, they will receive an additional 2 cents for each dollar; however only $50 million of the total amount will be available for early tender.
The offer expires at 9 p.m. ET on July 1, but will require the approval of note holders at a meeting scheduled for July 6.
Settlement is expected on July 27.
Standard Chartered has been mandated as manager.
China Glass is a Hong Kong-based glass manufacturer.
© 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.