KUALA LUMPUR, Sept 15 -- Flowserve Corporation (the Offeror), a flow control products and services provider, has announced an offer to purchase for cash (the Offer) any and all of its outstanding 1.25 per cent Senior Notes due March 17, 2022 (the Notes) from the holders of the Notes (the Noteholders).
On the terms and subject to the conditions set out in the Tender Offer Memorandum dated Sept 14, the Offeror launched an invitation to the Noteholders to tender their Notes for purchase at the Purchase Price.
According to a statement, the Offer expires on Sept 21 unless extended, re-opened, withdrawn or terminated at the sole discretion of the Offeror.
Subject to the Minimum Denomination in respect of the Notes, the price payable per €1,000 in principal amount of the Notes accepted for purchase will be €1,000 (the Purchase Price). (€1 = RM4.912)
In respect of any Notes accepted for purchase, the Offeror will also pay an amount equal to any accrued and unpaid interest on the relevant Notes from, and including, the interest payment date for the Notes immediately preceding the Settlement Date up to, but excluding, the Settlement Date, which is expected to be Sept 23.
Tender Instructions must be submitted in respect of a principal amount of Notes of no less than the Minimum Denomination, being €100,000 and may be submitted in integral multiples of €1,000 thereafter.
More details at www.flowserve.com
-- BERNAMA
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