Lexmark announces redemption of notes
LEXINGTON, Ky., March 1, 2013
LEXINGTON, Ky., March 1, 2013 /PRNewswire/ -- Lexmark International, Inc.
(NYSE: LXK) announced today that it will redeem for cash all of its
outstanding 5.900% Senior Notes due 2013 (the "Notes") on March 31, 2013, at a
redemption price equal to the sum of 100% of the principal amount outstanding,
a make-whole premium, which will be calculated three business days prior to
the redemption date in accordance with the Indenture (as defined below), and
accrued and unpaid interest on the principal amount being redeemed to, but not
including, the redemption date.
The Notes were issued under an Indenture dated May 22, 2008, as supplemented
(the "Indenture"), by and between Lexmark and The Bank of New York Mellon
Trust Company, N.A., as trustee.
As of Feb. 28, 2013, $350 million aggregate principal amount of Notes remained
outstanding. On and after the date of redemption, the Notes will no longer be
deemed outstanding, interest will cease to accrue, and all rights of the
holder of the Notes will cease to exist, except for the right to receive the
redemption price, without interest.
The notice of redemption containing information required by the Indenture was
sent to registered holders of the Notes today. In accordance with the
instructions specified in the notice of redemption, Notes are to be
surrendered to The Bank of New York Mellon Trust Company, N.A., as trustee and
paying agent, in exchange for payment of the redemption price, which will be
paid on April 1, 2013, as provided in the Indenture.
This press release does not constitute an offer to sell or the solicitation of
an offer to buy any securities.
Lexmark International, Inc. (NYSE: LXK) provides businesses of all sizes with
a broad range of printing and imaging products, software, solutions and
services that help customers to print less and save more. Perceptive Software,
a Lexmark company, is a leading provider of process, intelligent capture and
content management software thathelps organizations fuel greater operational
efficiency. In 2012, Lexmark sold products in more than 170 countries and
reported $3.8 billion in revenue.
To learn more about Lexmark, please visit www.lexmark.com. For more
information on Perceptive Software, please visit www.perceptivesoftware.com.
For more information on Lexmark, see the Lexmark Facebook page and follow us
For more information about Perceptive Software, please visit the company's
Facebook and Twitter profiles.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995: Statements in this release which are not historical facts are
forward-looking and involve risks and uncertainties which may cause Lexmark's
actual results or performance to be materially different from the results or
performance expressed or implied by the forward-looking statements. Factors
that may impact such forward-looking statements include, but are not limited
to, continued economic uncertainty related to volatility of the global
economy, inability to execute Lexmark's strategy to become an end-to-end
solutions provider; market acceptance of new products; inability to realize
all of the anticipated benefits of Lexmark's acquisitions; failure to
successfully integrate newly acquired businesses; fluctuations in foreign
currency exchange rates; decreased supplies consumption; possible changes in
the size of expected restructuring costs, charges, and savings; aggressive
pricing from competitors and resellers; changes in Lexmark's tax provisions or
tax liabilities; the inability to develop new products and enhance existing
products to meet customer needs on a cost competitive basis; reliance on
international production facilities, manufacturing partners and certain key
suppliers; increased investment to support product development and marketing;
the financial failure or loss of business with a key customer or reseller;
periodic variations affecting revenue and profitability; excessive inventory
for Lexmark's reseller channel; failure to manage inventory levels or
production capacity; credit risk associated with Lexmark's customers, channel
partners, and investment portfolio; entrance into the market of additional
competitors focused on imaging and software solutions, including enterprise
content management, intelligent capture and business process management
solutions; inability to perform under managed print services contracts;
increased competition in the aftermarket supplies business; fees on Lexmark's
products or litigation costs required to protect Lexmark's rights; inability
to obtain and protect Lexmark's intellectual property rights and defend
against claims of infringement and/or anticompetitive conduct; the outcome of
litigation or regulatory proceedings to which Lexmark may be a party;
unforeseen cost impacts as a result of new legislation; the inability to
attract, retain and motivate key employees; changes in a country's political
or economic conditions; the failure of information technology systems,
including data breaches or cyber attacks; disruptions at important points of
exit and entry and distribution centers; business disruptions; terrorist acts;
acts of war or other political conflicts; or the outbreak of a communicable
disease; and other risks described in Lexmark's Securities and Exchange
Commission filings. Lexmark undertakes no obligation to update any
Lexmark and Lexmark with diamond design are trademarks of Lexmark
International, Inc., registered in the U.S. and/or other countries. All other
trademarks are the property of their respective owners.
SOURCE Lexmark International, Inc.
Contact: Investor Contact: John Morgan, +1(859) 232-5568, firstname.lastname@example.org;
or Media Contact: Jerry Grasso, +1(859) 232-3546, email@example.com
Press spacebar to pause and continue. Press esc to stop.