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AV Homes details final results of cash tender offer
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AV Homes Inc. announced the final results for its cash tender offer to repurchase any and all of its outstanding 8.500% senior notes due 2019.
The company said May 18 that it had purchased roughly $45.5 million of the notes, representing about 22.74% of the outstanding senior notes, as of 5 p.m. ET on May 17.
As of the expiration of the tender offer on May 26 at 11:59 p.m. ET, no additional notes were validly tendered.
J.P. Morgan Securities LLC was the dealer manager for the tender offer.