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Article: Viasystems Announces Proposed Private Offering of $220 Million of Senior Secured Notes.
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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Viasystems, Inc. announced that it is proposing to offer in a private placement $220 million in aggregate principal amount of senior secured notes due 2015. The net proceeds of this offering are intended to be used to fund the previously announced tender offer to repurchase any and all of Viasystems' outstanding $200 million in aggregate principal amount of 10.50% Senior Subordinated Notes due 2011 (the "2011 Notes"), to redeem or otherwise repurchase any 2011 Notes that remain outstanding after the expiration of the tender offer and to pay transaction fees and expenses.
The senior secured notes to be offered will not be registered under the Securities Act of ...