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Ben Oldman Real Estate calls portion of 10% senior notes due 2021
By Wendy Van Sickle
Columbus, Ohio, June 22 – Ben Oldman Real Estate Secured Bond issued a notice of redemption for its 10% senior secured notes due 2021 (ISIN: XS1699865926).
The issuer will redeem a portion of the notes on June 25 by decreasing the nominal value of each outstanding note to €49,025 from €52,200.
The redemption price will be par plus accrued interest.
The issuer said it has accumulated cash related to the repayments of the underlying loans in its portfolio and wants to return that accumulated cash to noteholders through the partial redemption.
Following the redemption, there will be €56,672,900 principal amount outstanding.
The issuer is based in Luxembourg.
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