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Prospect News home > News index > List of issuers Tenders > Headlines for 2004 > News item
Published on 6/15/2004 in the Prospect News High Yield Daily.

County Hotels plans tender offer for 8½% notes

New York, June 15 - County Hotels Group plc said that it plans to mount a cash tender offer for any or all its £58 million of outstanding 8½% senior secured notes due 2007.

The U.K.-based lodging company said that the tender offer is expected to be launched soon, subject to market conditions and assessment. It will be made in the context of the company's strategic review of its hotel portfolios. The terms will be outlined in a formal tender invitation.

JPMorgan Chase Bank in London would be the principal paying agent for the notes.


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