KANSAS CITY, Mo. -- Inergy L.P. (NYSE: NRGY) announced on Dec. 21 that it had received, as of 5 p.m., New York City time, on Dec. 20, tenders and consents from holders of over 99% in aggregate principal amount of its outstanding 8.75% Senior Notes due 2015 (Cusip No. 45661TAH4), pursuant to its previously announced Any and All Offer for such notes and the related consent solicitation that commenced on Dec. 7, 2011.
According to information provided to Inergy by the D.F. King & Co. Inc., the depositary for the Any and All Offer, $94,235,000 in aggregate principal amount of the notes, were validly tendered and not withdrawn as of 5 p.m., New York City time, on Dec. 20. Inergy has accepted for payment all such notes and will make payment for the notes later today through the facilities of The Depository Trust Co. The holders of such notes will receive total consideration equal to $1,140.00 per $1,000 principal amount of notes, which includes a consent payment of $30.00 per $1,000 principal amount of notes accepted for purchase, plus accrued and unpaid interest on such notes to the payment date.
Inergy has retained Barclays Capital Inc., Morgan Stanley & Co. LLC and SunTrust Robinson Humphrey Inc. as joint dealer managers, and D.F. King & Co. Inc. as the depositary and the information agent for the Any and All Offer.
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