Forest City Enterprises exchanges $138.85 million of 3.625% notes

By Susanna Moon

Chicago, April 23 - Forest City Enterprises, Inc. exchanged $138,853,000 principal amount of its outstanding 3.625% putable equity-linked senior notes due 2014 for 9,549,721 class A common shares plus $4,859,946 in cash.

The company completed the exchange on April 22 under separate privately negotiated exchange agreements with noteholders, according to an 8-K filing with the Securities and Exchange Commission.

The cash payment was for additional exchange consideration and accrued interest and in lieu of fractional shares.

Forest City is a Cleveland-based real estate 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.