IBM Says $103.7M of 8% Notes Have Been Tendered

IBM IBM today announced the expiration yesterday of the early exchange period in connection with its offers to exchange any and all of its 8.000 percent notes due 2038 (the “8.000 percent notes”) and up to $800,000,000 aggregate principal amount of its 5.600 percent notes due 2039 (the “5.600 percent notes”) for a new series of 4.00 percent notes due 2042 (the “new notes”) and cash. As of 5:00 p.m. eastern time, on Monday, June 4, 2012 (the “early exchange date”), approximately $103,698,000 of the 8.000 percent notes and $846,622,000 of the 5.600 percent notes have been tendered for exchange.