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R&F Properties’ Easy Tactic sets $325 million cap in tender offer for 8¾% notes
By Wendy Van Sickle
Columbus, Ohio, March 5 – Easy Tactic Ltd. set a maximum acceptance amount of $325 million in its tender offer for its $700 million of outstanding 8¾% senior notes due 2021, according to a notice.
If the tender cap is exceeded, tenders will be accepted on a pro rata basis.
The company is offering $1,025 plus accrued interest per $1,000 of notes in the offer, which opened on Feb. 27.
The offer will expire at 11 a.m. ET on March 6.
Tender instructions must be submitted in minimum denominations of $200,000.
Settlement is expected to occur on March 10.
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.
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