Interplex prepares to pay off 2019 bonds as takeover deal draws to a close
It will redeem the notes at 102% of the principal amount.
SGX-listed precision engineering company Interplex Holdigs has launched a consent solicitation exercise for holders of its 2019 notes.
Interplex is offering to redeem the notes at 102% of the principal amount with interest if a proposed takeover by Baring Private Equity becomes unconditional.
Baring wants to acquire Interplex for $450m. Interplex's majority shareholders have already accepted the deal.