On 7 September 2015, Lafarge announced the launch of a tender offer to repurchase parts of notes maturing in 2016, 2017, 2018, 2019 and 2020, subject to the terms set out in the tender offer memorandum dated 7 September 2015.
With this transaction, the LafargeHolcim Group will reduce its debt, supporting a solid financial structure and lowering its future interest expenses.
During the Tender Offer Period, an aggregate principal amount of €2 254 732 222 was validly tendered by Noteholders and accepted by Lafarge for repurchase.
All notes purchased by Lafarge will be cancelled and will not be re-issued. The settlement of the Tender Offer is expected on 21 September 2015.
Lafarge is creating the potential for increased shipping traffic along the Saginaw River following the acquisition of two docks in Saginaw and Bay City.
At the recent commissioning of a second clinker line at Lafarge India’s Sonadih plant, Lafarge Chariman and CEO, Mr Bruno Lafont disclosed details regarding the company’s future plans in India.