G City Europe, Atrium Finance buy back, cancel €161.95 million of notes

By Mary-Katherine Stinson

Lexington, Ky., Aug. 9 – G City Europe Ltd. (formerly known as Atrium European Real Estate Ltd.). announced it has repurchased and canceled €118.6 million of its €500 million issue of 4¼% notes due Sept. 11, 2025 (ISIN: XS1829325239), according to a notice.

The open-market purchases reduced the outstanding amount of the 2025 notes to €381.4 million.

Additionally, Atrium Finance plc repurchased and canceled €43,351,000 of its €300 million issue of 2 5/8% notes due Sept. 5, 2027 (ISIN: XS2294495838).

The open-market purchases reduced the outstanding amount of the 2027 notes to €256,649,000.

The notice stated that G City and Atrium will use a combined total of up to €150 million to make further purchases of their 2025 and 2027 notes until March 31, 2024, depending on market pricing.

G City is a St. Helier, Channel Islands company that owns, operates and develops shopping centers in Central and Eastern Europe.

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