PR Newswire: news distribution, targeting and monitoring
2014
See more news releases in Banking & Financial Services

ABB's Thomas & Betts subsidiary Announces Expiration of Consent Solicitation for its 5.625% Senior Unsecured Notes due 2021 and Receipt of Requisite Consents

Share with Twitter Share with LinkedIn

ZURICH, June 1, 2012 /PRNewswire/ -- Thomas & Betts Corporation, an ABB (NYSE: ABB) subsidiary, today announced that its previously announced consent solicitation with respect to certain proposed amendments to the indenture governing its 5.625% senior unsecured bonds due 2021 expired at 5:00 p.m., New York City time, on May 31, 2012. As of that time, a sufficient number of validly delivered and duly executed consents had been received to approve the proposed amendments.

As part of the consent solicitation, Thomas & Betts will make a cash payment of $1.25 per $1,000 in principal amount of the bonds to holders who have validly delivered and duly executed consents. 

Further to ABB's earlier announcement, ABB Ltd guaranteed the bonds.

ABB has retained BofA Merrill Lynch to act as the solicitation agent in connection with the consent solicitation. The full terms and conditions of the consent solicitation may be obtained from the solicitation agent, and any questions may be directed to the solicitation agent by telephone at +1 646 855-3401 (collect). ABB has retained Global Bondholder Services Corporation to act as the Tabulation and Information Agent. Questions and requests for additional documents may be directed to the Tabulation and Information Agent in writing at Global Bondholder Services Corporation, 65 Broadway – Suite 404, New York, NY 10006, Attention: Corporate Actions, by telephone at +1 212 430-3774 or +1 866 873-6300 (toll free) or by facsimile at +1 212 430-3775/3779.

 

SOURCE ABB



RELATED LINKS
http://www.abb.com

Featured Video

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.

View and download archived video content distributed by MultiVu on The Digital Center.

Share with Twitter Share with LinkedIn
 

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

 
 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

 
 

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.

 

Online Member Center

Not a Member?
Click Here to Join
Login
Search News Releases
Advanced Search
Search
  1. PR Newswire Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire
  5. Send a News Release