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Lendlease reopens tender offer for 3.5% green notes due 2033
Chicago, Dec. 6 – Lendlease Europe Finance plc launched an any-and-all tender offer for its £125 million outstanding 3.5% fixed-rate green notes due 2033 (ISIN: XS2383508590), according to a notice.
Lendlease is offering a purchase price of 74 for the notes, plus accrued interest up to the settlement date.
Tender instructions are due by 11 a.m. ET on Dec. 13.
Settlement is expected for Dec. 13.
The company said the purpose of the tender offer is balance sheet management and reduction of net debt.
The company ran a separate tender offer for the same notes in June.
HSBC Bank plc is the dealer manager (+44 20 7992 6237, +852 3941 0223; liability.management@hsbcib.com).
The information and tender agent is Morrow Sodali Ltd. (leadlease@investor.morrowsodali.com; https://projects.morrowsodali.com/ lendlease; +44 20 4513 6933, +852 2319 4130).
The U.K.-based issuer is a subsidiary of Lendlease, a multinational construction and real estate company with headquarters in Sydney, Australia.
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