Huazhu Group completes put right on 0.375% convertibles due 2022

By Cady Vishniac

Detroit, Nov. 2 – Huazhu Group Ltd. completed its previously announced put right offer relating to its 0.375% convertible senior notes due 2022, according to a company press release.

Noteholders validly surrendered $6,000 of the notes. The aggregate purchase price was $6,000.06. The company has accepted all of the notes and forwarded payment to the holders.

The accrued and unpaid interest was paid up to, but excluding, the Nov. 2 repurchase date.

The put right commenced at 9 a.m. ET on Oct. 29 and expired at 5 p.m. ET the same day.

Wilmington Trust, NA is the depository trust company and paying agent (DTC@wilmingtontrust.com).

Huazhu Group is a Shanghai-based hotel management company.

© 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.