| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers Tenders > Headlines for 2020 > News item |
R&F Properties’ Easy Tactic gives results of tender offer for 8¾% notes
Chicago, March 13 – Easy Tactic Ltd. gave results of its offer to tender $325 million of its $700 million of outstanding 8¾% senior notes due 2021 in a notice.
As of the expiration time of 11 a.m. ET on March 6, noteholders had tendered $378,478,000 principal amount, or 54.07% of the outstanding notes.
As the amount exceeds the tender cap, the company has applied a final proration factor of 83.51% and as a result will accept $325 million principal amount of the notes.
Settlement was expected to occur on March 10.
The company was offering $1,025 plus accrued interest per $1,000 of notes in the offer, which opened on Feb. 27.
After settlement, $375 million of the notes remain outstanding.
Goldman Sachs (Asia) LLC (+852 2978 0604, +852 2978 1162 or gzrf_tender@gs.com) and Standard Chartered Bank (+44 20 7855 5379, +65 6596 8807, +65 6557 8286, +852 3983 8658 or Liability_management@sc.com) are the dealer managers.
Morrow Sodali Ltd. (+44 20 7355 0628, +852 2158 8405 or GuangzhouRF@investor.morrowsodali.com) is the tender agent.
Easy Tactic is a special purpose vehicle of Guangzhou, China-based real estate developer R&F Properties.
© 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.