Aroundtown announces series X tender offer as ongoing

Chicago, Sept. 30 – Aroundtown SA wrapped its tender offer for three series of notes on Thursday, but announced that its tender offer for its CHF 200 million outstanding 1.72% series X notes (ISIN CH0460054437) due 2026 is ongoing, according to a company announcement.

The company announced in separate notices that it would be repurchasing €411 million of bonds from its series E notes, its series Q notes and its 2% series O notes.

The tender offer for the series X notes is expected to be finalized on Oct. 5.

The purpose of the tender offer is to proactively optimize the company’s debt schedule by extending the average maturity and lowering debt costs, the company stated.

Aroundtown is a Luxembourg-based commercial real estate company.

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