Renta Corporación Real Estate, S.A. Gives Notice to the Bondholders of the €16,500,000, 6.25%. Senior Unsecured Bonds Due 2023
May 12, 2021 at 08:05 am EDT
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Renta Corporación Real Estate, S.A. hereby gives notice to the bondholders of the €16,500,000, 6.25%. Senior Unsecured Bonds due 2023. Accordingly, the Issuer hereby notifies that, pursuant to condition 6 (d) of the terms and conditions of the Bonds, any bondholder in respect of its Bonds may cause the Issuer to make to such bondholder an offer to purchase up to 5% of the principal amount of the Bonds held by it at the moment of the Offer to Purchase Instruction, such percentage being calculated as stated in the Conditions, by delivering a written instruction notice, in accordance with the provisions regarding notices and communications set forth in the Fiscal Agency Agreement, to the Issuer to make an Offer to Purchase provided that this Offer to Purchase Instruction is delivered to the Issuer no later than 10 business days after the publication by the Issuer of the aforementioned quarterly financial information and provided that the remaining requirements set forth in the Conditions are met.
Renta Corporacion Real Estate SA is a Spain-based company engaged in the real estate sector. The Company main activities comprise the acquisition, rehabilitation and sale of real estate properties in central locations of major cities. Its properties portfolio includes residential and urban buildings, as well as offices and large-scale property complexes. The Company is a parent of Grupo Renta Corporacion, a group which comprises such entities as Renta Corporacion Real Estate Finance SL, RC Real Estate Deutschland GmbH, Renta Properties (UK) LTD and Medas Corporacion Sarl, among others. On March 27, 2013, the Company entered bankruptcy proceedings. In December 2013, the Commercial Court No. 9 9 declared that the common phase of the proceedings 203/2013, 204/2013, 205/2013 and 206/2013 of the Company, Renta Corporacion Real Estate Finance, Renta Corporacion Real Estate and Renta Corporacion Core Business, was completed. In July 2014, it emerged from insolvency.