Allied Universal Announces Cash Tender Offer for Senior Secured Notes

Allied Universal Holdco LLC and Allied Universal Finance Corporation, collectively known as Allied Universal, today launched a cash tender offer to purchase up to $500 million in principal amount of its 6.625% Senior Secured Notes due 2026. The offer, which is contingent on the successful completion of a concurrent notes offering, aims to retire a portion of these debt securities early. The funding for the tender offer will be derived from the new notes issuance and available cash on hand.

As per the announcement, holders who tender their notes by the early deadline of May 20, 2024, will receive a total consideration of $1,001.25 per $1,000 of principal, which includes an early tender payment of $30.00. Tenders submitted after this date but before the final deadline on June 4, 2024, will be eligible for the base tender offer consideration. Allied Universal reserves the right to modify the conditions or cancel the offer depending on the success of the concurrent notes offering and other market conditions.