Ladder Capital calls 5 7/8% notes due 2021 for Jan. 27 redemption

By Wendy Van Sickle

Columbus, Ohio, Dec. 30 – Ladder Capital Finance Corp. and Ladder Capital Finance Holdings LLLP on Monday issued a redemption notice for an additional $75 million of their 5 7/8% senior notes due 2021 and issued a conditional notice to redeem any notes remaining outstanding after the partial redemption, according to an 8-K filing with the Securities and Exchange Commission.

The conditional redemption is conditioned upon the issuers’ completion of a notes offering with proceeds of at least $400 million.

The notes will be redeemed on Jan. 27 at par plus accrued interest. The issuers previously, on Dec. 1, called $100 million of the notes for redemption.

The issuer is a New York City-based real estate investment trust.

© 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.