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LMIRT initiates tender offers for senior notes due 2024 and 2026

Felicia Tan
Felicia Tan • 2 min read
LMIRT initiates tender offers for senior notes due 2024 and 2026
The offer is valid till 4pm on Jan 24 (London time) or at 12am on Jan 25 (Singapore time). Photo: LMIRT
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Lippo Malls Indonesia Retail Trust (LMIRT) has commenced the tender offers of its outstanding senior notes.

On Jan 16, the trust invited eligible holders of its US$250 million ($334.1 million) 7.25% senior notes due 2024 (2024 notes) and eligible holders of its US$200 million 7.5% senior notes due 2026 (2026 notes) to tender their notes for purchase for cash up to the aggregate principal amount of the notes held by the holders.

As at Jan 16, there were US$188.3 million outstanding in the aggregate principal amount for the 2024 notes and US$143.2 million outstanding in the aggregate principal amount for the 2026 notes.

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