Alcoa Inc. (NYSE:AA) today released the final results for its Maximum Tender Offer, described as "its tender offer to purchase for cash up to the Maximum Tender Amount of its outstanding 6.00% Notes due 2012 and its 5.375% Notes due 2013."
Their press release said this:
"As of 5:00 p.m., ET, on August 23, 2010, the expiration date for the Maximum Tender Offer, the aggregate principal amount of 2012 Notes tendered and not withdrawn was $194,854,000, representing 37.71% of the $516,709,000 aggregate principal amount of the 2012 Notes outstanding, and the aggregate principal amount of 2013 Notes tendered and not withdrawn was $197,159,000, representing 32.86% of the $600,000,000 aggregate principal amount of the 2013 Notes outstanding.
"The “Maximum Tender Amount” is $484,234,165 in cash, or $750 million less the aggregate purchase price of Alcoa’s 6.50% Notes due 2011 accepted for purchase pursuant to the Any and All Tender Offer, which was its tender offer for any and all of its 2011 Notes that expired on August 2, 2010."
Those holding the 2012 Notes and 2013 Notes tendered and accepted for acquisition will get a return of $1,062.50 per $1,000 principal amount of Notes accepted for purchase.
No comments:
Post a Comment