on CPI Europe AG (ETR:IMO1)
CPI Europe AG Announces Bond Buyback Offer
CPI Europe AG, a Vienna-based company, has announced a tender offer to buy back a portion of its corporate bond due in 2027. The bond, with a total value of €500 million, has €237.8 million currently outstanding. The company aims to purchase up to €100 million of the bond's nominal value in cash, which is part of the firm's strategy to optimize its debt profile.
The offer, initiated on May 30, 2025, will run until June 10, 2025, unless amended by the company. The purchase price will follow a modified Dutch auction, starting at a minimum of 96% of the bond's principal value. In addition to the purchase price, accrued interest will also be paid.
This offer is not extended to U.S. persons or in jurisdictions where it is illegal. Interested parties should consult the Tender Offer Memorandum for specific terms and conditions.
R. H.
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