Goldman Sachs Announces Early Results of its Tender Offer for Subordinated Notes and Increase in Max
Goldman Sachs press release ------- The Goldman Sachs Group, Inc. (NYSE: GS) (the “Company”) today announced that pursuant to its previously announced tender offer (the “Offer”) to purchase for cash up to $750,000,000 aggregate principal amount of its outstanding 6.450% Subordinated Notes due 2036 (the “2036 Notes”), 5.950% Subordinated Notes due 2027 (the “2027 Notes”) and 6.75% Subordinated Notes due 2037 (the “2037 Notes” and, together with the 2036 Notes and the 2027 Notes, the “Notes”) approximately $1,215.4 million in combined aggregate principal amount of the 2036 Notes and the 2027 Notes was validly tendered and not validly withdrawn prior to 5:00 p.m., New York City time, on May 22, 2017, the early tender deadline for the Offer (the “Early Tender Deadline”). The Company also announced that it will purchase $1,000,000,000 (the “Maximum Amount”) in combined aggregate principal amount of the 2036 Notes and the 2027 Notes and that it is terminating the Offer as to the 2037 Notes and will promptly return all previously tendered 2037 Notes to their holders. The Offer is subject to the terms and conditions set forth in the related Offer to Purchase, dated May 9, 2017 (the “Offer to Purchase”). To get more in depth information click on the picture below to read the release.