Technopolis to buy €11.18 million notes due 2020 after put exercise

By Susanna Moon

Chicago, Dec. 7 – Technopolis plc said holders put €11,182,000, or about 7.5%, of its €150 million senior fixed rate notes due 2020 by the put option exercise deadline of Nov. 16.

The notes were putable because of a change of control under the note terms, as announced Oct. 16.

Technopolis will repurchase the notes at 101% of par on the repurchase date of Jan. 16, according to a company notice.

Holders will also receive accrued interest as of the prepayment date.

After the repurchase, there will be €138,818,000 principal amount of the notes left outstanding.

The company added that it does not have the option to call the remaining notes because the repurchase amount does not represent more than 75% of the notes.

Technopolis is a “shared workspace expert” based in Oulu, Finland.

© 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.