Acuity Brands prices cash tender offer for notes due 2010
By APMonday, December 7, 2009
Acuity Brands prices cash tender offer for notes
ATLANTA — Lighting fixture maker Acuity Brands Inc. said Monday it priced its cash tender offer for $200 million in notes due 2010.
The offer for 8.375 percent notes was priced for settlement on Dec. 10.
The Atlanta-based company had earlier announced the price would be tied to a U.S. Treasury securities spread as of Monday.
The price per $1,000 principal amount is $1,050.91 and the accrued interest per $1,000 is $9.07.
The tender offer is scheduled to expire on Wednesday.
Acuity shares rose 20 cents to close at $33.72. They rose 5 cents in after-hours trading.
YOUR VIEW POINT
