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Thistle Hotels extends tender for 10¾% notes
New York, Jan. 27 - Thistle Hotels Ltd. said it has extended its tender offer for its £200 million of 10¾% first mortgage debentures due 2014 to 5 p.m. GMT Feb. 6 from 5 p.m. GMT Jan. 26.
The new pricing date will be Feb. 9, and settlement is scheduled for Feb. 17.
Thistle, a London-based hotel company, said the latest extension will be the final one.
On Jan. 12 Thistle Hotels said it increased the price range on offer to £1.00 to £1.14 per £1.00 principal amount from £1.00 to £1.05.
Computershare Investor Services plc is the tender agent (0870 702 0100).
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