CHICAGO--(BUSINESS WIRE)--May 24, 2019--
USG Corporation (“USG”) today announced the final results and settlement
of its offer to purchase for cash any and all of its outstanding 5.50%
Senior Notes due 2025 (the “2025 Notes”) and 4.875% Senior Notes due
2027 (the “2027 Notes” and together with the 2025 Notes, the “Notes”).
USG had previously offered to purchase for cash any and all aggregate
principal amount of the outstanding Notes at a purchase price equal to
101% of the aggregate principal amount of such Notes, plus any accrued
and unpaid interest to the date of payment, on the terms and subject to
the conditions set forth in the Notice of Change of Control and Offer to
Purchase and accompanying Letter of Transmittal dated April 24, 2019.
The offer expired at 5 p.m., New York City time, on May 22, 2019, with
$274,966,000.00 in aggregate principal amount of 2025 Notes and
$478,678,000.00 in aggregate principal amount of 2027 Notes validly
tendered and not validly withdrawn. All such Notes have been accepted by
USG for purchase and payment for the Notes was made on May 24, 2019.
After giving effect to the purchase of the tendered Notes, an aggregate
principal amount of $75,034,000.00 of the 2025 Notes and $21,322,000.00
of the 2027 Notes remain outstanding.
This press release is for informational purposes only and is neither an
offer to purchase nor a solicitation of an offer to sell any Notes.
About USG Corporation
USG Corporation is an industry-leading manufacturer of building products
and innovative solutions. Headquartered in Chicago, USG serves
construction markets around the world through its Gypsum, Performance
Materials, Ceilings, and USG Boral divisions. Its wall, ceiling,
flooring, sheathing and roofing products provide the solutions that
enable customers to build the outstanding spaces where people live, work
and play. Its USG Boral Building Products joint venture is a leading
plasterboard and ceilings producer across Asia, Australasia and
the Middle East. For additional information, visit www.usg.com.
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Source: USG Corporation