Ben Oldman Real Estate calls more 10% senior notes due 2021

By Marisa Wong

Los Angeles, July 16 – Ben Oldman Real Estate Secured Bond issued a notice of redemption for its 10% senior secured notes due 2021 (ISIN: XS1699865926).

The issuer will redeem a portion of the notes on July 20 by decreasing the nominal value of each outstanding note to €40,900 from €49,025.

The redemption price will be par plus accrued interest.

The issuer said it has accumulated cash related to the repayments of the underlying loans in its portfolio and wants to return that accumulated cash to noteholders through the partial redemption.

The company has made similar partial redemptions, most recently last month. Following the latest redemption, there will be €47,280,400 principal amount outstanding.

The issuer is based in Luxembourg.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.