Evraz Plcsaid April 26 that note holders have validly tendered some US$184.4 million worthof notes due April 2017 and 2018.
The company has accepted to repurchase US$15.7 million of US$600million 7.40% notes due April 24, 2017; US$29.6 million of US$700 million 9.50%notes due April 24, 2018; and US$123.6 million of US$850 million 6.75% notes dueApril 27, 2018.
The company will pay US$1,050, US$1,085 and US$1,030 per US$1,000principal amount of notes on each of the US$600 million, US$700 million and US$850million notes, respectively.
The offer also included the US$400 million 7.75% loan participationnotes due April 27, 2017, issued by Raspadskaya Securities Ltd., with some US$15.5million worth of the Raspadskaya notes tendered. It will pay US$1,047.50 per US$1,000principal amount of these notes.
All notes, other than the Raspadskaya 2017 notes, acquired inthe tender offers will be canceled.
Settlement will occur April 28.