Abbott (NYSE: ABT) today reported early results for the tender offer and related consent solicitation commenced by its wholly-owned subsidiary, Abbott Laboratories (Chile) Holdco (Dos) SpA, a Chilean corporation ("ALH"), to purchase for cash any or all of the outstanding 5.125% Senior Notes due 2022 (the "Notes") issued by CFR International SpA, a Chilean corporation and subsidiary of ALH. Abbott has been advised that an aggregate of $292,893,000 principal amount of Notes, representing 97.6% of the outstanding Notes, was tendered as of 5 p.m., New York City time, on Dec. 29, 2014. ALH has accepted for payment all Notes that were validly tendered and not subsequently withdrawn.
Under the terms of the tender offer and consent solicitation, holders of tendered Notes consented to certain amendments to the indenture governing the Notes. Consents from holders of the requisite aggregate principal amount of the outstanding Notes were received, and upon payment for such Notes, the indenture amendments will be effective. Any Notes not tendered and purchased in the tender offer will be subject to the terms of the amended indenture.
The tender offer will expire at 12 p.m., New York City time, on Jan. 14, 2015, unless extended or earlier terminated.
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