Brief: Schmolz & Bickenbach Announces Results Of Change Of Control Offer

Swiss Steel Holding AG

16/03/2020 06:08

March 16 (Reuters) - SCHMOLZ+BICKENBACH AG  STLN.S :
    * ANNOUNCES RESULTS OF CHANGE OF CONTROL OFFER
    * EXPIRATION OF OFFER ON MARCH 13, 2020.
    * HOLDERS OF EUR 350 MILLION 5.625% SENIOR SECURED NOTES
("NOTES")
DUE IN 2022 HAVE VALIDLY TENDERED EUR 328,753 MILLION (93.93 %)
OF NOTES
    * TENDER OFFER WAS TRIGGERED BY CHANGE OF CONTROL EVENT
RELATED TO
CAPITAL INCREASE ON JANUARY 8, 2020
    * PURCHASE WILL BE SETTLED AGAINST PAYMENT OF CHANGE OF
CONTROL
PURCHASE PRICE EQUAL TO 101% OF PRINCIPAL AMOUNT PLUS ACCRUED
AND UNPAID INTEREST ON MARCH 31, 2020

Source text for Eikon:  ID:nAWP2v3Z3S 
Further company coverage:  STLN.S 

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