Huntingdon begins change-of-control offer for 7½% debentures due 2016

By Susanna Moon

Chicago, Oct. 6 – Huntingdon Capital Corp. said it began a change-of-control offer for its 7½% secured debentures due Dec. 31, 2016.

The tender offer is related to Slate Capital Corp.’s plan to acquire all of the issued and outstanding common shares of Huntingdon, according to a press release from Huntingdon.

As a result, noteholders may put their notes under the change-of-control offer at 101 plus accrued interest up to but excluding the acquisition date.

The offer ends at 7:30 p.m. ET on Oct. 15, assuming the deal closes Oct. 22.

If the merger is not completed, Huntingdon said it intends to withdraw its offer.

Huntingdon is a Richmond, B.C.-based real estate investment trust that owns income-producing properties.

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