AMB Property accepts $28.5 million of 8% notes, $146.5 million of 5.45% notes in tender

By Jennifer Chiou

New York, May 6 - AMB Property Corp. said it wrapped the cash tender offer by its operating partnership AMB Property, LP for its outstanding 8% notes due 2010 and 5.45% notes due 2010.

The offer expired at 5 p.m. ET on May 5.

The company said it accepted tenders for $28.5 million of the 8% notes and $146.5 million of the 5.45% notes.

There is $46.5 million principal amount of the 8% notes and $28.5 million principal amount of the 5.45% notes now outstanding.

AMB paid par plus accrued interest up to the payment date.

J.P. Morgan Securities Inc. (866 834-4666 or 212 834-3118) was the dealer manager, and Global Bondholder Services Corp. (866 540-1500 or collect at 212 430-3774) was the information agent and depositary.

AMB Property is a San Francisco-based owner, operator and developer of industrial real estate.

© 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.