March 16, 2020 / 6:13 AM / 19 days ago

BRIEF-Schmolz & Bickenbach Announces Results Of Change Of Control Offer

March 16 (Reuters) - SCHMOLZ+BICKENBACH AG:

* EXPIRATION OF OFFER ON MARCH 13, 2020.

* HOLDERS OF EUR 350 MILLION 5.625% SENIOR SECURED NOTES ("NOTES") DUE IN 2022 HAVE VALIDLY TENDERED EUR 328,753 MILLION (93.93 %) OF NOTES

* TENDER OFFER WAS TRIGGERED BY CHANGE OF CONTROL EVENT RELATED TO CAPITAL INCREASE ON JANUARY 8, 2020

* PURCHASE WILL BE SETTLED AGAINST PAYMENT OF CHANGE OF CONTROL PURCHASE PRICE EQUAL TO 101% OF PRINCIPAL AMOUNT PLUS ACCRUED AND UNPAID INTEREST ON MARCH 31, 2020 Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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