Schmolz+Bickenbach launches change of control put

German-Swiss steel company Schmolz+Bickenbach has launched a change of control put offer to holders of its €258m high yield bond.

  • By Stefanie Linhardt
  • 14 Oct 2013

Schmolz is offering to buy back the 2019 notes with a 9.875% coupon at 101% of nominal value plus accrued interest. The offer is open until November 8.

Schmolz was obliged to launch the change of control put offer after a capital increase of around Sfr438m, agreed by ...

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