debt
confidence high
sentiment neutral
materiality 0.55
Kennametal completes tender offer for $209M of 4.625% Senior Notes due 2028
KENNAMETAL INC
- Tender offer for any and all $300M 4.625% Senior Notes due 2028 expired; $209.4M principal tendered.
- Tender consideration set at $1,004.55 per $1,000 principal, based on 4.061% reference yield plus 30 bps spread.
- Settlement expected May 29, 2026; concurrent notes offering to fund the purchase closes May 28, 2026.
- Lead dealer manager is BofA Securities; tender and information agent is Global Bondholder Services Corp.