The complete terms of the Tender Offer are set forth in an offer to purchase and related letter of transmittal, each of which is dated 13 November 2018.
The principal amount of each series of Notes that was validly tendered and not validly withdrawn in the Tender Offer as of the Early Tender Deadline and the consideration to be paid for each series of Notes are set forth in the table below. The consideration to be paid in the Tender Offer for each series of Notes has been determined in the manner described in the offer to purchase by reference to a fixed spread over the yield to maturity of the applicable Reference US Treasury Security specified in the table below and in the offer to purchase. Holders who, as of the Early Tender Deadline, had validly tendered and had not validly withdrawn their tendered Notes will receive the applicable “Total Consideration” listed in the table below, which includes an early tender payment of US$30.00 per US$1000 principal amount of Notes accepted for purchase. In addition, holders whose Notes are accepted for purchase pursuant to the Tender Offer will also receive accrued and unpaid interest on their purchased Notes from the last interest payment date for such Notes to, but excluding, the settlement date.
Subject to the terms and conditions of the Tender Offer, the company expects that it will accept for purchase any and all Notes listed in the table above that were validly tendered and not validly withdrawn prior to the Early Tender Deadline.
The Tender Offer will expire at 11:59 pm, New York City time, on 11 December 2018, unless extended. Holders of Notes must have validly tendered and not validly withdrawn their Notes on or before the Early Tender Deadline to be eligible to receive the applicable Total Consideration for their tendered Notes. After such time, the Notes may not be withdrawn except in certain limited circumstances where additional withdrawal rights are required by law. The Company expects that settlement for Notes that were validly tendered and not validly withdrawn on or before the Early Tender Deadline and are accepted for purchase will be on 29 November 2018.
The Tender Offer is not conditioned upon any minimum amount of Notes being tendered, and the Tender Offer may be amended, extended, terminated or withdrawn in whole or with respect to one or more series of Notes.
The company’s obligation to accept for purchase, and to pay for, any Notes validly tendered (and not validly withdrawn) and accepted for purchase pursuant to the Tender Offer is conditioned upon the satisfaction or waiver of the conditions described in the offer to purchase under the heading “Terms of the Tender Offer—Conditions to the Tender Offer.” The “Financing Condition” (as defined in the offer to purchase under the heading “Terms of the Tender Offer— Conditions to the Tender Offer”) has been satisfied as of 28 November 2018.
Read the article online at: https://www.worldfertilizer.com/special-reports/11122018/e-i-du-pont-de-nemours-and-company-announces-early-tender-results-and-pricing-for-cash-tender-offer/