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LONDON - TP ICAP (LON:NXGN) Finance plc has accepted valid tenders for £230,547,000 in aggregate nominal amount of its outstanding £250,000,000 5.250 per cent. Notes due 2026, the company announced Wednesday.
The tender offer, which expired Tuesday at 4:00 p.m. London time, will be settled at a cash purchase price of 100.60 percent of the nominal amount of the notes. Following settlement, £19,453,000 in aggregate nominal amount of the notes will remain outstanding.
Settlement of the offer is expected to occur Thursday, June 12, subject to satisfaction or waiver of the New Financing Condition, according to the company statement.
The tender offer was initially announced on June 3, inviting eligible holders to tender any and all of their notes for purchase by the company for cash.
HSBC Bank plc and Merrill Lynch International acted as dealer managers for the offer, while Kroll Issuer Services Limited served as the tender agent.
The information was released as part of a regulatory announcement that contained information qualifying as inside information under UK market abuse regulations.
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