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Santander Holdings USA, Inc. Announces Final Tender Results
By: PR Newswire
Dec. 27, 2012 03:47 PM
BOSTON, Dec. 27, 2012 /PRNewswire/ -- Santander Holdings USA, Inc. ("SHUSA"), a wholly owned subsidiary of Banco Santander, S.A., today announced the completion of its previously announced cash tender offer (the "Tender Offer") for any and all of its outstanding Sovereign Capital Trust IV 4.375% Trust PIERS (the "Trust PIERS"). As of 11:59 p.m., New York City time, on December 26, 2012 (the "Expiration Time"), an aggregate liquidation amount of approximately $323.4 million of its Trust PIERS, representing approximately 40.4% of the outstanding aggregate liquidation amount of such securities, had been tendered and accepted for purchase under the Tender Offer.
Holders of Trust PIERS who validly tendered such securities at or before the Expiration Time have received, or will receive, $78.95 per $50.00 liquidation amount of Trust PIERS tendered. SHUSA expects to make payment on Friday, December 28, 2012 for all of the Trust PIERS that were validly tendered on or prior to the Expiration Time and that have not previously been repurchased during the course of the Tender Offer.
About our company
Cautionary Statement Regarding Forward-Looking Information
Statements in this press release regarding SHUSA's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual future events to differ from those contained in the forward-looking statements, see "Forward-Looking Statements" and "Risk Factors" in the Company's Annual Report on Form 10-K for the most recently ended fiscal year and Quarterly Report on Form 10-Q for the most recently ended fiscal quarter.
SOURCE Santander Holdings USA, Inc.
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