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Services :: Financial
Dow raises debt buyback limit
10:50 AM MST | November 14, 2013 | Vincent Valk
Dow has raised the cap for its previously announced debt tender offer from $500 million to $700 million in response to strong demand, the company says. Dow received early tender offers to buy back $581 million of 6% Rohm and Hass (R&HD) bonds due in 2017 and $402 million of 5.7% Dow bonds due in 2018. The company now will buy back $414 million of R&H bonds and $286 million of the Dow bonds, it says. R&H bondholders who tendered their bonds by 13 November will receive $1,163.89 per $1,000 held, while Dow bondholders will receive $1,169.06 per $1,000...
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