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AroundTown (ARNDTN: BBB+ neg): CAD $ Tender

REAL ESTATE

Small Positive:

  • Another sign that AroundTown is managing near term maturities:
  • Tendering Sep-25 CAD $ 250m ARNDTN 4.625 25 CA04269KAA12 @99.00 (+32c above market)
  • Note: The official note from the company says that $181,810,000 is outstanding, not 250m as per Bberg.
The company's debt remains quite short with Weighted Average Maturity 3.5yrs 5 notes mature earlier than this C$ issue.

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