Centro announces extension of consent solicitation deadline for notes

By Devika Patel

Knoxville, Tenn., Sept. 30 - Centro NP LLC said it extended the deadline for a consent solicitation for its 7.65%, 7.68% and 7.97% senior notes due 2026 and its 6.9% senior notes due 2028.

The consent solicitation will now expire at the earlier of 5 p.m. ET on Oct. 6 and 5 p.m. ET on the date that the company has received a sufficient number of valid consents to execute the supplemental indenture. The solicitation previously was to expire at 5 p.m. ET on Sept. 29.

The company said it believes that the consent payment of $35 per $1,000 in securities and the ability to shorten the maturity by 12 to 14 years offers tremendous value to investors.

Centro is a New York-based real estate company.

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