Investors agree to Pilkington bond buyback

Date: 30 May 2006
Source: Yahoo

Date: 30 May 2006

Holders of Pilkington's only outstanding bond have accepted Nippon Sheet Glass (NSG)'s offer to buy it back, the British glassmaker said on Thursday.

Pilkington agreed to be bought by Nippon Sheet Glass in February, in a deal worth more than $5 billion.

Pilkington said noteholders had accepted NSG's offer to amend the terms of the outstanding 350 million euro, 6.5 percent variable coupon notes due 2008, to allow for their early redemption.

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