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MANUFACTURING | Staff Reporter, Singapore

Interplex prepares to pay off 2019 bonds as takeover deal draws to a close

It will redeem the notes at 102% of the principal amount.

SGX-listed precision engineering company Interplex Holdigs has launched a consent solicitation exercise for holders of its 2019 notes.

Interplex is offering to redeem the notes at 102% of the principal amount with interest if a proposed takeover by Baring Private Equity becomes unconditional.

Baring wants to acquire Interplex for $450m. Interplex's majority shareholders have already accepted the deal.

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