Atrium European accepts tenders for €78.23 million of 3.625% notes

By Taylor Fox

New York, Feb. 3 – Atrium European Real Estate Ltd. accepted €78,233,000 tenders under its offer to purchase any and all of its €500 million 3.625% notes due October 2022 (ISIN: XS11118586244), of which €232.95 million is outstanding, according to an announcement.

The offer expired at 11 a.m. ET Feb. 2.

As previously reported, the notes will be purchased at 104.25 plus interest.

The purpose of the offer is to proactively manage the company’s debt redemptions and to extend its debt maturity profile.

The offer is subject to the successful completion of an issue of new euro-denominated senior green notes by Atrium Finance Issuer BV to be guaranteed by Atrium European, expected to be satisfied Feb. 5.

The company expects to apply a portion of the proceeds of the new notes to purchase the 2022 notes.

Settlement is expected for Feb. 8. After settlement, €154,717,000 principal amount of the notes will remain outstanding.

Citigroup Global Markets Ltd. and Deutsche Bank AG, London Branch are dealer managers for the tender offer.

Citibank NA, London Branch (+44 20 7508 3876) is the tender agent.

Atrium is a Jersey, Channel Islands, company that owns, operates and develops shopping centers in Central and Eastern Europe.

© 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.