LONDON, April 6, 2016 /PRNewswire/ -- On March 8, 2016 Atlas Copco AB (the "Offeror") announced a tender offer to purchase for cash (the "Offer") up to $400,000,000 aggregate principal amount (the "Maximum Tender Amount") of the $800,000,000 5.60% Notes due 2017 (144A CUSIP: 049255 AG7; 144A ISIN: US049255AG76; Reg S CUSIP: W10020 FG0; Reg S ISIN: USW10020FG01) issued by the Offeror (the "Notes"). Capitalized terms used but not defined herein shall have the meanings given to them in the offer to purchase dated March 8, 2016 (the "Offer to Purchase").
The Offer expired at 11:59 p.m., New York City time, on April 5, 2016 (the "Expiration Date"). As at the Expiration Date, $294,361,000 in aggregate principal amount of Notes had been validly tendered pursuant to the Offer, representing 36.8% of the total outstanding principal amount of the Notes. All the Notes validly tendered as at the Expiration Deadline will be accepted for purchase in full.
Holders who validly tendered their Notes (and did not withdraw such tenders) at or prior to the Early Tender Date (being 5:00 p.m., New York City time, on March 21, 2016) will receive the Total Consideration (as set out in the pricing announcement relating to the Offer dated March 22, 2016 (the "Pricing Announcement")). Holders who validly tendered their Notes (and did not withdraw such tenders) following the Early Tender Date but at or prior to the Expiration Date will receive the Tender Offer Consideration (as set out in the Pricing Announcement).
The Offeror expects that the Settlement Date will be April 8, 2016.
Citigroup Global Markets Limited is acting as dealer manager for the Offer (the "Dealer Manager"). The tender agent and information agent (the "Tender Agent and Information Agent") for the Offer is D.F. King Ltd. Copies of the Offer to Purchase and any related offering materials are available via the following website: http://sites.dfkingltd.com/AtlasCopco or by contacting the Tender Agent and Information Agent at +44-20-7920-9700 (London), +1-(212)-269-5550 (New York; banks and brokers), +1-(800)-581-3783 (New York; all others; toll free), +852-3953-7230 (Hong Kong) or email: AtlasCopco@dfkingltd.com. Questions regarding the Offer should be directed to Citigroup Global Markets Limited, Liability Management Group, at +1-(800)-558-3745 (toll-free) or +1-(212)-723-6106 (collect) or +44-20-7986-8969.
About Atlas Copco AB
Atlas Copco AB, the Offeror, is a public limited liability company incorporated under the laws of the Kingdom of Sweden, with corporate registration number 556014-2720 and registered office Sickla Industriväg 19, SE-105 23 Stockholm, Sweden. It is the ultimate parent company of numerous subsidiaries which are situated in Sweden as well as outside of Sweden. The Offeror and its subsidiaries provide industrial productivity solutions. Their products and services range from compressed air and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems, to related accessories, consumables, aftermarket products and specialty rental.
The Offeror considers portions of this announcement to be forward-looking statements. Forward-looking statements can be identified by the use of words such as "may", "will", "plan", "should", "expect", "anticipate", "estimate", "continue" or comparable terminology. Forward-looking statements are inherently subject to risks and uncertainties, many of which the Offeror cannot predict with accuracy and some of which the Offeror might not even anticipate. Although the Offeror believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, the Offeror can give no assurance that such expectations will be achieved. Future events and actual results, financial and otherwise, may differ materially from the results discussed in the forward-looking statements as a result of risks and uncertainties, including, without limitation, possible changes in the timing and consummation of the Offer. Holders are cautioned not to place undue reliance on these forward-looking statements. The Offeror assumes no obligation to update and supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise except as may be required under Rule 14e-l under the Exchange Act. The forward-looking statements contained in this announcement speak only as of the date of this announcement. The Offeror does not undertake to publicly update, except as required by U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such dates or to reflect the occurrence of unanticipated events.
This announcement shall not constitute an offer to sell, a solicitation to buy or an offer to purchase any Notes. This announcement must be read in conjunction with the Offer to Purchase. The distribution of this announcement and the Offer to Purchase in certain jurisdictions may be restricted by law. Persons into whose possession this announcement or the Offer to Purchase comes are required by each of the Offeror, the Dealer Manager and the Tender Agent and Information Agent to inform themselves about and to observe any such restrictions.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT.
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SOURCE Atlas Copco AB