Goodman said it completed its cash tender offer for 3.700% senior notes due 2028 after holders tendered US$396.251 million, with settlement expected around April 30.
Goodman said it completed a cash tender offer for its 3.700% Guaranteed Senior Notes due 2028 after holders validly tendered US$396.251 million of the bonds.
The company announced the results on April 27, saying an additional US$390,000 was submitted through guaranteed delivery procedures, subject to completion. Goodman said it intends to accept US$396.251 million for purchase, excluding guaranteed-delivery tenders.
Earlier the same day, Goodman priced the offer at US$993.64 per US$1,000 principal amount, plus accrued interest. Settlement was expected on or about April 30, according to the company’s earlier announcement.
The tender offer is a debt liability-management move that reduces the amount of the 2028 notes outstanding if the transaction settles as planned. Goodman first announced the cash tender offer on April 20.
Reuters-syndicated coverage and company releases confirmed the results within hours of the pricing update. The remaining question is only procedural: whether all guaranteed-delivery tenders are completed by the deadline and included in the final settlement amount.
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