Clark Equipment Co., an indirect wholly-owned subsidiary of Ingersoll-Rand Co. Limited, last week announced that it is postponing the pricing of its pending tender offer for any and all of its 8-percent medium-term notes due May 1, 2023, 8.15-percent medium-term notes due May 15, 2023 and 8.35-percent medium-term notes due May 15, 2023.
The reference yield will now be determined at 2 p.m., New York City time, on Oct. 22, unless such price determination date is extended by Clark.
Clark also announced that it has extended the expiration date for the tender offer and the consent solicitation, which will now expire at 5 p.m., New York City time, on Oct. 24, unless the tender offer and consent solicitation are further extended or earlier terminated by Clark in its sole discretion. As of 5 p.m., New York City time, on Sept. 26, no notes had been tendered pursuant to the tender offer.
