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Prospect News home > News index > List of issuers T > Headlines for TRI Pointe Group, Inc. > News item |
TRI Pointe announces tender for $300 million 4 7/8% notes due 2021
By Rebecca Melvin
New York, June 3 – TRI Pointe Group Inc. is tendering for its $300 million of outstanding 4 7/8% senior notes due 2021 (Cusip: 87265HAE9), according to a company release.
The company is offering a $1,025 consideration for each $1,000 principal amount of notes tendered prior to expiration of the offer at 5 p.m. ET on June 9.
In addition, the company will pay accrued and unpaid interest, if any, to but not including the guaranteed delivery date of June 12.
The offer is part of plan to refinance a portion of the company’s long-term debt due in 2021. In that regard, the company has announced an offering of a new series of notes and the tender offer is contingent on the successful completion of the new notes deal.
Global Bondholder Services Corp. (866 470-4500, 212 430-3774, or at contact@gbsc-usa.com) has been appointed information agent and depositary in connection with the offer. The dealer manager is Citigroup Global Markets Inc. (800 558-3745 or 212 723-6106).
The homebuilder is based in Irvine, Calif.
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