Carmila: buyback offer on three bond issues
(CercleFinance.com) - Commercial real estate operator Carmila has announced the launch of a buyback offer for three strains of existing bonds, with the aim of 'enabling the company to effectively manage its debt maturity profile and liquidity'.
The bonds are in the amounts of 300 million euros at a rate of 1.625% maturing on May 30, 2027, 350 million at a rate of 2.125% maturing on March 7, 2028, and 500 million at a rate of 5.500% maturing on October 9, 2028.
The offer is subject to a maximum acceptance amount to be determined at Carmila's sole and absolute discretion. The offer will open on March 17 and close on March 24 at 4:00 pm. Results are expected to be announced on March 25.
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