Carmila launches tender offer for up to €200 million bonds due 2023

By Marisa Wong

Los Angeles, Nov. 22 – Carmila announced the launch of a tender offer for up to €200 million of its €523 million outstanding bonds due Sept. 18, 2023.

The tender offer will run to 10 a.m. ET on Nov. 28, and results are expected to be announced on Nov. 29.

The purpose of the tender offer is to optimize the company’s funding structure and cash position following the drawdown of the €550 million term loan signed on July 21.

The commercial property owner is based in Boulogne-Billancourt, France.

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