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EM-focused NE Property accepts tenders for €200 million notes
By Marisa Wong
Los Angeles, Oct. 7 – NE Property BV said holders had tendered €255,851,000 of its €400 million outstanding 3¾% notes due Feb. 26, 2021 guaranteed by NEPI Rockcastle plc under its tender offer for up to €200 million of the notes.
The offer began on Sept. 27 and expired at 5 p.m. ET on Oct. 4.
NE Property will accept for purchase €200 million of the tendered notes using a scaling factor of 82.2482%.
The purchase price is 105.312 plus accrued interest.
Settlement is expected to occur on Oct. 11, subject to the offer’s financing condition being met.
Citigroup Global Markets Ltd. (+44 20 7986 8969, liabilitymanagement.europe@citi.com), Deutsche Bank AG, London Branch (+44 20 7545 8011), HSBC France c/o HSBC Bank plc (+44 20 7992 6237, LM_emea@hsbc.com) and J.P. Morgan Securities plc (+44 20 7134 2468, em_europe_lm@jpmorgan.com) are the dealer managers for the offer.
Lucid Issuer Services Ltd. (+44 20 7704 0880, nepi@lucid-is.com) is the tender agent.
The owner and operator of commercial real estate in Central and Eastern Europe is based in Isle of Man.
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