Kennametal Inc. (NYSE: KMT) announced the completion of its cash tender offer for its 4.625% Senior Notes due 2028, with $209.4 million in aggregate principal amount of notes tendered out of $300 million outstanding.

The tender offer, which expired May 27, 2026, was launched May 19, 2026. According to Global Bondholder Services Corporation, the tender and information agent, the tendered amount represents approximately 69.8% of the outstanding notes with CUSIP number 489170AE0.

The company expects to accept all validly tendered notes for payment on May 29, 2026, subject to completion of a concurrent public offering of senior notes scheduled for May 28, 2026. Payments will include accrued and unpaid interest from the last interest payment date up to but not including the settlement date.

BofA Securities served as the lead dealer manager for the transaction. The tender offer was conducted under terms outlined in the offer to purchase document dated May 19, 2026.

Kennametal, based in Pittsburgh, Pennsylvania, is an industrial technology company that provides materials science, tooling and wear-resistant solutions to customers in aerospace, defense, earthworks, energy, general engineering and transportation sectors. The company reported $2 billion in revenues for fiscal 2025 and employs approximately 8,100 people globally.

The information is based on a company press release statement.