Tupperware Brands Corporation (NYSE: TUP) announced the final results of its tender offer to purchase cash for its outstanding 4.750% Senior Notes due 2021. As of July 8, 2020, a total of $97.4 million of the notes have been accepted for purchase. The second offer will also accept an additional $157,000 in notes validly tendered after the early tender period. The total consideration for the second offer is set at $535 per $1,000 principal amount, reflecting accrued interest as well.
The company waived its minimum tender condition of $140 million for this offer.
Tupperware Brands Corporation (NYSE: TUP) announced the final results of its First Offer and early results of its Second Offer to purchase up to $175 million of its 4.750% Senior Notes due 2021. Validly tendered Notes will be accepted for purchase at a total consideration of $575 per $1,000 principal amount, including an early tender payment of $40. The Minimum Tender Condition for the Second Offer was waived. Holders have until July 8, 2020, to tender their Notes. The Company emphasizes that this press release is for informational purposes only and not a solicitation to purchase securities.
Tupperware Brands Corporation (NYSE:TUP) will have Chief Financial Officer Sandra Harris speaking at the Sidoti Inaugural Virtual Microcap Conference on June 30, 2020, at 9:15 a.m. ET. The event aims to showcase microcap companies and will be accessible online for attendees. A recording of the presentation and further details will be made available on Tupperware's official website post-conference. Tupperware continues to emphasize its innovative, premium products across various categories through social selling.