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Dow Chemical Announces $2.1 Billion Tender Offer

Peter Neil
Updated
Dow Chemical Announces $2.1 Billion Tender Offer

On November 28, Dow Chemical, which is part of DowDuPont (DWDP), announced that it called for a tender offer to redeem its outstanding principal amount of ~$2.11 billion carrying a coupon rate of 8.55% due on May 15, 2019. The tender offer will expire at 5:00 PM EST on December 4 until further notice of an extension or an earlier termination. Holders who tender their notes will receive the principal amount as well as the accrued and unpaid interest amount.

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