G City Europe buys back, cancels €90 million of 2025 notes

By Mary-Katherine Stinson

Lexington, Ky., June 16 – G City Europe Ltd. (formerly known as Atrium European Real Estate Ltd.). announced it has repurchased €90 million of its €500 million 4¼% notes due Sept. 11, 2025 (ISIN: XS1829325239), according to a notice.

The June 16 open-market purchase reduced the outstanding amount of the notes to €389.4 million.

All the repurchased notes will be or have been canceled.

The notice stated that the issuer will consider further repurchases of the 2025 notes from time to time depending on market pricing.

G City is a St. Helier, Channel Islands company that owns, operates and develops shopping centers in Central and Eastern Europe.

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