Acuity Brands prices cash tender offer for notes

AP News
Posted: Dec 07, 2009 5:53 PM

Lighting fixture maker Acuity Brands Inc. said Monday it priced its cash tender offer for $200 million in notes due 2010.

The offer for 8.375 percent notes was priced for settlement on Dec. 10.

The Atlanta-based company had earlier announced the price would be tied to a U.S. Treasury securities spread as of Monday.

The price per $1,000 principal amount is $1,050.91 and the accrued interest per $1,000 is $9.07.

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The tender offer is scheduled to expire on Wednesday.

Acuity shares rose 20 cents to close at $33.72. They rose 5 cents in after-hours trading.