Pershing Square cancels 36.94% of 5.5% notes through tender offer

Chicago, Oct. 5 – Pershing Square Holdings, Ltd. provided an update with the final numbers of its recently concluded tender offer for its $1 billion 5.5% senior notes due 2022 (ISINs: XS1242957006, XS1242956966), according to a press release.

In total, the company canceled $369,377,000 of the notes.

After the announcement on Sept. 30, Pershing Square received another $9.5 million of notes, which were defectively tendered after the deadline. The company waived the defect and accepted the notes for purchase.

In total, 36.94% of the notes were purchased from the original amount in the tender offer.

There are $630,623,000 of the notes outstanding.

Pershing Square, based in London, is an investment holding company structured as a closed-end fund.

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