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Tank & Rast receives tenders for €700,000 of 6¾% second-lien notes
By Angela McDaniels
Tacoma, Wash., Oct. 27 – Tank & Rast announced that holders tendered €700,000 principal amount of Deutsche Raststatten Gruppe IV GmbH’s €460 million of 6¾% senior second-lien notes due 2020.
A change-of-control tender offer for the notes began Sept. 17 and ended at 8 a.m. ET on Oct. 26.
Holders who tendered will receive 101% of par plus accrued interest up to but excluding the purchase date.
Following the offer, €459.3 million of notes remain outstanding.
Deutsche Bank AG, London Branch (+44 20 7547 5000) was the tender agent.
Tank & Rast is a Bonn, Germany, operator of fuel stations and service stations on the German autobahn network.
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