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G City Europe/Atrium cancels open-market 2025, 2027 note buybacks
By Mary-Katherine Stinson
Lexington, Ky., March 1 – G City Europe Ltd. and related entity Atrium Finance plc provided notice that it is canceling open-market buybacks for two series of notes.
The group had intended to purchase up to €200 million of G City’ s 4¼% notes due Sept. 11, 2025 (ISIN: XS1829325239) and Atrium Finance’s 2 5/8% notes due Sept. 5, 2027 (ISIN: XS2294495838) until March 31, 2025.
The notice stated that the issuers would consider further repurchases from time to time depending on market pricing.
The notice also updated the cumulative totals for each set of notes.
To date, G City has bought and canceled €173,984,000 of its €500 million 2025 notes. After cancellation, there are €326,016,000 of the notes outstanding.
Atrium has purchased and subsequently canceled €60,718,000 of its €300 million 2027 notes on the open market. Following cancellation of those notes, there are €239,282,000 of the notes remaining, a total which is unchanged from the issuers’ last update.
G City is a St. Helier, Channel Islands, company that owns, operates and develops shopping centers in Central and Eastern Europe.
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