Votorantim launches tender offer

Votorantim launches tender offer


Votorantim Industrial launched a cash tender offer on Monday, offering to buy back any and all of a 6.625% 2019 on which $911.2m is outstanding. The Brazilian will buy the paper back at a cash price of $113.5, with a March 21 deadline. At the same time, the firm’s subsidiary Companhia Brasileira de Aluminio is offering to buy back its 6.75% 2021, of which $713.5m is outstanding. Bondholders who tender early will receive a cash price of $112.75, with investors who come in after March 21 but befor

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