Klepierre launches tender offer for 1% notes, 1.75% notes

By Mary-Katherine Stinson

Lexington, Ky., Jan. 6 – Klepierre SA said it began a cash tender offer for two series of notes on Thursday.

The offer was launched for all €750 million outstanding 1% notes due April 17, 2023 (ISIN: FR0012674661) issued by Klepierre and all €630 million outstanding 1.75% notes due Nov. 6, 2024 (ISIN: FR0012283653) issued by Klepierre initially in November 2014 with two subsequent additions to the series.

Klepierre is a Paris-based real estate investment trust focused on shopping centers.

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