Cooper ends tender offer for notes
Cooper Tire & Rubber Co.'s fixed spread tender offer to purchase any and all of the $350 million aggregate principal amount outstanding of its 7-3/4% Notes due December 15, 2009, expired May 20.
Cooper Tire accepted all of the tendered Notes, and paid for them in cash.
Settlement of the tender offer will occur on Wednesday, May 25, 2005. The purchase price for the Notes is $1,095.05 per $1,000 principal amount of the Notes tendered and accepted for payment, plus $34.44 for accrued but unpaid interest.
Banc of America Securities LLC acted as "dealer manager" for the tender offer.