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Atrium European tenders for 83.85 million floating-rate notes due 2017
By Susanna Moon
Chicago, June 5 Atrium European Real Estate Ltd. said it began a tender offer for its 83.85 million of outstanding 130 million floating-rate notes due 2017.
The company will pay 1,080 for each 1,000 principal amount of notes plus accrued interest, according to a company notice.
The outstanding amount excludes 46.15 million principal amount of notes held by the company.
The tender offer will run until 11 a.m. ET on June 19, with settlement following on June 23.
Notes must be tendered in minimum nominal amounts of 50,000 and integral multiples of 50,000 after that.
Brull Kallmus Bank AG (+43 316 90313 2752, mayrhofer@bkbank.at / furtmueller@bkbank.at) and Deutsche Bank AG, London Branch (+44 20 7545 8011, attn: liability management group, liability.management@db.com) are the dealer managers.
The tender agent is Deutsche Bank AG, London Branch (+44 20 7547 5000, fax +44 20 7547 5001, attn: issuer services debt and agency services, or xchange.offer@db.com).
The offer is intended to allow the company to continue optimizing its capital structure and the efficiency of the groups balance sheet, as well as to extend its average debt maturity, the company said.
Atrium is a Jersey, Channel Islands, company that owns, operates and develops shopping centers in Central and Eastern Europe.
© 2015 Prospect News.
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