Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Atrium European Real Estate Ltd. > News item |
Atrium European wraps tenders for 77.4 million of floaters due 2017
By Susanna Moon
Chicago, June 22 Atrium European Real Estate Ltd. said it accepted for purchase all of the 77.4 million tendered floating-rate notes due 2017.
The tender offer for the 83.85 million of outstanding floaters ended at 11 a.m. ET on June 19. The offer began June 5. The outstanding amount excluded 46.15 million principal amount of notes held by the company.
After settlement on June 23, the company will hold about 123.55 million of the 130 million principal amount of notes, according to a company press release.
The company said it will consider repurchasing any notes that remain outstanding.
As previously announced, the purchase price for the tender offer was 1,080 for each 1,000 principal amount of notes plus accrued interest.
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 was 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 previously said.
Atrium is a Jersey, Channel Islands, company that owns, operates and develops shopping centers in Central and Eastern Europe.
© 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.