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Aroundtown details tender offer for series E, series Q notes
Chicago, Sept. 27 – Aroundtown SA provided details of its cash tender offer for its €171.5 million outstanding of an original €650 million 1.5% series E notes (ISIN: XS1449707055) due July 15, 2024 and £219.3 million outstanding of an original £400 million 3.25% series Q notes (ISIN: XS1857310814) due 2027, according to a document.
The company is offering to purchase any and all of the series E notes, with pricing based on in the interpolated mid-swap rate plus 10 basis points.
The company is offering to purchase a capped amount of the series Q notes using the 1.25% U.K. Treasury due July 22, 2027 plus 95 bps.
Interest will also be paid.
A scaling factor may be applied for acceptance of the notes.
The offers will expire at 11 a.m. ET on Sept. 29.
Pricing will be determined at 6 a.m. ET on Sept. 30.
Settlement is planned for Oct. 4.
The dealer managers for the offer are Banco Santander, SA and Goldman Sachs International (+44 20 7051 7385, liabilitymanagement.eu@gs.com).
Lucid Issuer Services Ltd. is the tender agent (+44 20 7704 0880, aroundtown@lucid-is.com).
Aroundtown is a Luxembourg-based commercial real estate company.
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