India, May 16 -- International Flavors & Fragrances Inc. (IFF) Friday has released the early tender results for its cash tender offers targeting certain outstanding senior notes and announced increases to multiple purchase caps.
The company raised the Pool 1 Maximum Amount from $1 billion to $1.1 billion and Pool 2 Maximum Amount from $800 million to $900 million. It also increased the 2027 Series Tender Cap to $400 million (from $300 million) and the 2050 Series Tender Cap to approximately $649.1 million (from $600 million). The tender caps for the 2025 and 2040 Notes remain at $500 million and $450 million, respectively.
The early tender deadline was 5:00 p.m. (ET) on May 15, 2025. As per D.F. King & Co., the tender agent, the amount of...