Western Union Announces Cash Tender Offer for 5.253% Notes Due 2020
The Western Union Company (NYSE:WU), announced today that it has commenced a cash tender offer (the “Tender Offer”) for any and all of its outstanding 5.253% notes due 2020 (the “Notes”).
The Tender Offer is being made upon the terms and subject to the conditions set forth in the Offer to Purchase and related Letter of Transmittal and Notice of Guaranteed Delivery dated November 18, 2019. The Tender Offer will expire at 5:00 p.m. (New York City time) on November 22, 2019, unless extended or terminated as described in the Offer to Purchase (such time and date, as they may be extended, the “Expiration Time”). Holders of the Notes are urged to carefully read the Offer to Purchase and related Letter of Transmittal and Notice of Guaranteed Delivery before making any decision with respect to the Tender Offer.
The following table summarizes certain material terms of the Tender Offer:
Title of |
CUSIP / ISIN |
CUSIP / ISIN |
CUSIP / |
Principal |
U.S. |
Bloomberg |
Fixed |
|||||||
5.253% |
959802AL3 / |
959802AK5 / |
U95769AF9 / |
$324,921,000 |
1.375% notes |
FIT3 |
15 |
Lesen Sie auch
In order to be eligible to receive the “Total Consideration,” holders must (i) validly tender their Notes at or prior to the Expiration Time or (ii) deliver a properly completed Notice of Guaranteed Delivery and all other required documents at or prior to the Expiration Time and validly tender their Notes at or prior to 5:00 p.m. (New York City time) on the second business day after the Expiration Time pursuant to guaranteed delivery procedures. The Total Consideration for each $1,000 principal amount of Notes validly tendered and not validly withdrawn will be determined in the manner described in the Offer to Purchase by reference to the fixed spread over the yield based on the bid-side price of the U.S. Treasury Reference Security listed above for the Tender Offer calculated by the Dealer Managers as of 2:00 p.m. (New York City time) on November 22, 2019, the date on which the Tender Offer is currently scheduled to expire. In addition to the Total Consideration, accrued and unpaid interest up to, but not including, the Settlement Date (as defined below) will be payable in cash on all validly tendered and accepted Notes. Interest will cease to accrue on the Settlement Date for all Notes accepted for purchase in the Tender Offer, including any such Notes tendered through guaranteed delivery procedures. As a result, Notes tendered through the guaranteed delivery procedures will not receive accrued interest from the Settlement Date through the Guaranteed Delivery Settlement Date, which is expected to be two business days after the Settlement Date.