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Prospect News home > News index > List of issuers T > Headlines for Tenders 2009 > News item |
UDR tenders for 6.5% notes due 2009
By Jennifer Chiou
New York, March 6 - UDR, Inc. announced the start of a cash tender offer for any and all of its $181.71 million of 6.5% notes due 2009.
The company said it will pay par plus accrued interest.
The offer ends at 5 p.m. ET on March 12.
The company intends to fund the offer using its $600 million revolving credit facility, which matures in July 2012.
Citi is the dealer manager, and Global Bondholder Services Corp. is the information agent (call collect 212 430-3774 or 866 470-3900).
UDR is a Denver-based real estate investment trust.
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