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Kennametal Inc. Announces Final Results and Expiration of Cash Tender Offer for Debt Securities
Kennametal Inc. Announces Final Results and Expiration of Cash Tender Offer for Debt
About this update from Kennametal Inc.
[{"type":"text","content":"PITTSBURGH, May 27, 2026 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) (the \"Company\") today announced the final results and expiration of its previously announced cash tender offer (the \"Tender Offer\") to purchase any and all of the outstanding notes listed in the table below (the \"Notes\"). Capitalized terms used in this news release and not defined herein have the meanings given to them in the Offer to Purchase, dated May 19, 2026 (the \"Offer to Purchase\").\nAccording to the information provided by Global Bondholder Services Corporation, the aggregate principal amount of the Notes that were validly tendered and not validly withdrawn as of the Expiration Time is set forth in the table below.Title of SecurityCUSIP(1)Aggregate Principal Amount Outstanding Prior to Tender OfferAggregate Principal Amount Tendered(2)4.625% Senior Notes due 2028489170AE0$300,000,000$209,384,000________________________(1) No representation is made as to the correctness or accuracy of the CUSIP numbers listed in this news release or printed on the Notes. They are provided solely for the convenience of Holders of the Notes.(2) As reported by Global Bondholder Services Corporation, the Tender and Information Agent for the Tender Offer.The Tender Offer was made pursuant to the terms and conditions contained in the Offer to Purchase and the related Notice of Guaranteed Delivery for the Tender Offer, dated May 19, 2026.Subject to satisfaction of the conditions to the Tender Offer, including completion of the previously announced public offering of senior notes (the \"Concurrent Notes Offering\") which is expected to occur on May 28, 2026, the Corporation expects to accept for payment all Notes validly tendered pursuant to the Tender Offer and not validly withdrawn on May 29, 2026 (the \"Settlement Date\"). All payments for Notes purchased by the Corporation in connection with the Tender Offer will also include accrued and unpaid interest on the principal amount of Notes accepted for purchase from the last interest payment date applicable to the Notes up to, but not including, the Settlement Date.BofA Securities is the Lead Dealer Manager for the Tender Offer. Global Bondholder Services Corporation is the Tender and Information Agent. Persons with questions regarding the Tender Offer should contact BofA Securities at (888) 292-0070 (toll-free) or (980) 388-0...