Home Tenders TRI Pointe plans notes offering to fund tender offer (NYSE:TPH)

TRI Pointe plans notes offering to fund tender offer (NYSE:TPH)

16
0

TRI Pointe Group (TPH +5.0%) plans to sell $300M of senior notes and use the proceeds, together with cash on hand, to buy and and all of its outstanding 4.875% senior notes due 2021.

Any remaining proceeds would go toward general corporate purposes, including the repayment of debt.

Tender offer consideration for the 2021 notes is $1,025 per $1,000 principal amount; the tender offer expires at 5:00 PM ET on June 9, 2020.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here