other material
confidence high
sentiment positive
materiality 0.55
Regal Rexnord extends tender offer for Altra notes; 94.12% tendered as of March 13
REGAL REXNORD CORP
- Extended expiration date to 5:00 p.m. NYC time on March 20, 2023 for 6.125% Senior Notes due 2026.
- As of March 13, $361,122,000 aggregate principal (94.12% of outstanding) had been tendered with consents.
- Tender consideration of $967.50 per $1,000 principal plus $50 early participation premium (for Feb 24 deadline).
- Tender offer conditioned on closing the merger of Aspen Sub, Inc. with Altra.
- J.P. Morgan acts as Dealer Manager; D.F. King as Information, Tender and Tabulation Agent.