EPR Properties prices tender for any and all 5.75% notes due 2022

By Wendy Van Sickle

Columbus, Ohio, Aug. 14 – EPR Properties priced its cash tender offer for any and all of its $350 million of outstanding 5.75% senior notes due 2022.

For each $1,000 principal amount of notes, the company is offering $1,107.49.

Pricing was set with reference to a fixed spread plus the yield based on the bid-side price of the U.S. Treasury reference security at 2 p.m. ET on Aug. 14.

The reference security was the 1.75% U.S. Treasury note due July 15, 2022, and the fixed spread was 50 basis points.

The offer was set to expire at 5 p.m. ET on Aug. 14.

Holders will also receive accrued interest.

Settlement is expected for Aug. 15.

Global Bondholder Services Corp. (866 924-2200) is the tender agent and information agent. Citigroup Global Markets Inc. (800 558-3745 or 212 723-6106) is the dealer manager for the offer.

The real estate investment trust for entertainment properties is based in Kansas City, Mo.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.