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Prospect News home > News index > List of issuers T > Headlines for Tenders 2004 > News item |
Kabel Deutschland tenders for 10¾% and 10 5/8% notes
New York, Sept. 24 - Kabel Deutschland GmbH said that it has begun an offer to repurchase its €250 million of outstanding euro-denominated 10¾% senior notes due 2014 and its $610 million of outstanding dollar-denominated 10 5/8% senior notes due 2014, in accordance with the terms of the notes' respective indentures.
Kabel Deutschland is offering par plus accrued interest for the notes.
The offer is scheduled to expire at midnight ET on Oct. 22, subject to possible extension.
The tender is being carried out after Kabel Deutschland's termination and unwinding of its purchases of ish, iesy and Kabel BW.
The notes were originally priced on June 24.
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