Aedas Homes issues repurchase invitation to secured noteholders

By Mary-Katherine Stinson

Lexington, Ky., March 20 – Aedas Homes SA’s subsidiary, Aedas Homes OPCO SLU, issued a voluntary partial repurchase invitation to holders of its €325 million 4% senior secured notes due 2026 (ISIN: XS2343873597), according to a notice.

The invitation is directed exclusively at certain eligible noteholders.

The company is offering to purchase up to €50 million of the notes at 99 plus accrued interest.

The company noted it may accept a higher or lower amount at its discretion. The issuer may also extend, reopen, withdraw, cancel or modify the terms and conditions of the partial repurchase invitation at any time.

The invitation expires at noon ET on March 27.

The company has appointed Goldman Sachs Bank Europe SE as the sole dealer manager and Morrow Sodali Ltd. as the information and tender agent.

Repurchased notes will be immediately canceled, along with a total of €1,564,000 of the notes which were acquired by Aedas in open market trades in a period ending on Feb. 27.

The notes were originally issued in May 2021.

Madrid-based Aedas is a Spanish homebuilder.

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