Worthington Industries Announces Completion of Tender Offer For Its Outstanding 6.70% Notes Due December 1, 2009
COLUMBUS, Ohio--Worthington Industries, Inc. today announced that it has completed its previously announced cash tender offer (“Tender Offer”) for any and all of the $138.0 million outstanding principal amount of its 6.70% Notes due December 1, 2009 (“Notes”).
The Tender Offer expired at 5:00 p.m., EDT, on Monday, June 8, 2009. The company has accepted for purchase $118.5 million of the Notes which were validly tendered pursuant to the Tender Offer, representing 85.9% of the outstanding Notes.
In accordance with the terms of the Tender Offer, the consideration paid for the Notes will be $1,025 per $1,000 principal amount of Notes, plus accrued and unpaid interest to, but not including, June 12, 2009.
Wachovia Securities served as Dealer Manager for the Tender Offer. D.F. King & Co., Inc., served as Tender Agent and Information Agent for the Tender Offer.