Accor holders tender €283 million of two bond series due 2013, 2014

By Susanna Moon

Chicago, Nov. 29 - Accor SA said it completed the tender offer to repurchase up to €400 million of its €600 million 6.5% bonds due May 2013 and its €600 million 7.5% bonds due March 2014.

Holders tendered €151 million of its 6.5% notes and €132 million of its 7.5% notes.

The company said it launched the offer on Nov. 19 in line with its deleveraging strategy.

Settlement is expected to occur on Dec. 1.

Accor is a Paris-based hotels and services company.

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