27th Jul 2020 10:22
(Alliance News) - Globalworth Real Estate Investments Ltd on Monday said it has EUR323.1 million of notes outstanding after kicking off a tender offer.
The real estate investment company last week Monday unveiled plans for a tender offer of its outstanding 2.875% EUR550.0 million notes due on June 20, 2022.
Globalworth said Monday that EUR226.9 million was validly tendered, leaving EUR323.1 million outstanding.
The purchase of the notes was conditional on Globalworth issuing EUR400.0 million of 2.95% senior notes.
This condition is "expected to be satisfied", the company said.
Globalworth shares were 1.7% lower at EUR5.70 each in London on Monday morning.
By Eric Cunha; [email protected]
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