Centro investors tender $121.59 million 7.4% notes

By Susanna Moon

Chicago, April 6 - Centro NP LLC said holders tendered $121,594,000 principal amount, or 81.06%, of its 7.4% senior notes due September 2009.

The tender offer expired at 5 p.m. ET on April 3. The company announced the offer for its 7.4% notes on Feb. 17.

Settlement is expected to occur on April 8.

As previously noted, the payment on offer is $930 per $1,000 principal amount, including a $40 early tender premium.

Before the early tender deadline was extended to coincide with the offer expiration, holders who tendered after the early deadline had been slated to receive $890 per $1,000 principal amount.

Centro will pay accrued interest up to but excluding the payment date.

J.P. Morgan Securities Inc. is the dealer manager (866 834-4666 or call collect 212 834-3424). Global Bondholder Services Corp. is the information agent (866 470-4200 or call collect 212 430-3774).

Centro is a New York-based real estate company.

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