Israel Chemicals Ltd. on May 21 priced the cash tender offer for US$800 million of its 4.500% senior notes due 2024.
The company will pay US$$1,008.22 per US$1,000 principal amount of the notes accepted for purchase. It will fund the transaction with cash on hand, short-term borrowings and its revolving credit facility.
The offer is set to expire May 22.
The company will replace cash on hand or repay short-term borrowings under the revolving credit facility with the net proceeds from an unsecured senior notes offering.
