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.
Adapted from press release by Joseph Green
Read the article online at: https://www.worldcement.com/europe-cis/18092015/lafarge-announce-launch-tender-offer-618/