Gibraltar Industries Announces Results, Settlement of Early Tender for 8% Senior Notes
Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer and distributor of products for building and industrial markets, today announced that, in connection with the previously announced cash tender offer and consent solicitation by the Company to purchase for cash any and all of its 8% Senior Notes due 2015 (the “Existing Notes”), the early tender period in respect of the tender offer expired at 5:00 p.m., New York City time, on January 30, 2013, (the “Consent Payment Deadline”). As of the Consent Payment Deadline, $143.1 million principal amount of Existing Notes, or 70.15% of the principal amount outstanding, had been validly tendered and not withdrawn. Those holders who validly tendered their Existing Notes prior to the Consent Payment Deadline received the total consideration of $1,017.08 per $1,000 principal amount of the Existing Notes, which included a consent payment of $10.00 per $1,000 principal amount of the Existing Notes, plus any accrued and unpaid interest on the Existing Notes up to, but not including, the payment date. The withdrawal rights for the early tender of Existing Notes and corresponding consents in the tender offer have now expired.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.