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Global Switch holds two-week tender for A$100 million of 6.25% notes
By Susanna Moon
Chicago, Aug. 22 – Global Switch Holdings Ltd. said Global Switch Property (Australia) Pty Ltd. is tendering for its A$100 million 6.25% notes due Dec. 23, 2020 until 10 p.m. ET on Sept. 4.
Pricing will be set on 9 p.m. ET on Sept. 5 using SQ coupon matched ASW plus 100 basis points.
The issuer is making the offer as part of its liability management and to reduce its overall debt level, according to a company announcement.
To participate, holders must tender their notes by submitting a confirmation of acceptance and a settlement instruction to the tender manager at globalswitch@cba.com.au with “Global Switch tender manager” in its subject line.
Commonwealth Bank of Australia and Deutsche Bank AG, Sydney Branch are the dealer managers. Commonwealth Bank of Australia is the tender manager.
Global Switch is a London-based company that develops, owns and operates real estate properties in Europe and the Asia Pacific.
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