Elster Announces Results Of Its Offer To Purchase €250 Million 6.25% Senior Notes Due 2018

Oct 22, 2012, 10:00 ET from Elster

ESSEN, Germany, Oct. 22, 2012 /PRNewswire/ -- Elster today announced the results of its previously announced offer to purchase €250 million in aggregate principal amount of its 6.25% Senior Notes due 2018 (the "Notes") (Regulation S Notes: Common Code 061702750, ISIN XS0617027502, Rule 144A Notes: Common Code 061702784, ISIN XS0617027841), at a price in cash equal to 101% of the aggregate principal amount of the Notes, plus accrued and unpaid interest up to, but not including, the date of purchase (the "Change of Control Offer"). The Change of Control Offer was made pursuant to the change of control provisions of the Indenture dated April 21, 2011 (the "Indenture"), under which the Notes were issued.

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The Change of Control Offer expired at midnight, New York Time, on October 18, 2012.

According to information provided by Deutsche Bank AG, London Branch, no Notes were tendered in the Change of Control Offer.

As previously announced, Elster intends to give notice of its intention to redeem the outstanding €250 million in aggregate principal amount of the Notes at the applicable makewhole price pursuant to the Indenture no later than October 28, 2012.  Any such notice may be subject to conditions precedent.

This announcement is neither an offer to purchase nor a solicitation of an offer to sell securities.

About Elster

Elster is one of the world's largest electricity, gas and water measurement and control providers. Its offerings include distribution monitoring and control, advanced Smart Metering, demand response, networking and software solutions, and numerous related communications and services – key components for enabling consumer choice, operational efficiency and conservation. Its products and solutions are widely used by utilities in the traditional and emerging Smart Grid markets.

Elster has one of the most extensive installed revenue measurement bases in the world, with more than 200 million metering devices deployed over the course of the last 10 years. It sells its products and services in more than 130 countries across electricity, gas, water and multi-utility applications for residential, commercial and industrial, and transmission and distribution applications.

For more information about Elster, please visit www.elster.com and follow us on Twitter at www.elster.com/twitter.