PHG - Philips reports results of tender offer for notes

Philips (NYSE:PHG) said ~$20.86M in total principal amount of notes were tendered in a tender offer that expired May 5. The company had announced a tender offer to buy for cash any and all of its outstanding 71/8% Series A Debentures due 2025, of which ~$1.54M was tendered; 73/4% Series B Debentures due 2025, of which ~$9.14M was tendered; and 7.2% notes due 2026, of which ~$10.18M was tendered. The settlement is expected to take place on May 10. PHG +1.27% to $26.41 premarket May 6

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Philips reports results of tender offer for notes