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Atrium European launches cash tender offers for 6% notes, floaters
By Marisa Wong
Madison, Wis., May 31 - Atrium European Real Estate Ltd. announced cash tender offers for any and all of its outstanding €32.05 million tranche A 6% notes due 2013 and any and all of its outstanding €67.95 million tranche B floating-rate notes due 2013.
The company will pay €1,030 for each €1,000 principal amount of notes accepted for purchase, along with accrued interest.
Holders must tender a minimum of €50,000 of notes.
The offers began on Thursday and will expire at 11 a.m. ET on June 28. The company expects to announce tender results on June 29, and settlement will be on July 3.
The company currently holds €6.1 million of the outstanding fixed-rate notes and €3.95 million of the outstanding floating-rate notes.
Deutsch Bank AG, London Branch is the dealer manager (+44 20 7545 8011 or liability.management@db.com) and tender agent (+44 20 7547 5000 or xchange.offer@db.com).
Atrium is a Jersey, Channel Islands, company that owns, operates and develops shopping centers in Central and Eastern Europe.
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