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Demire details results of €400M notes repurchase offer

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Demire details results of €400M notes repurchase offer

Germany's Demire Deutsche Mittelstand Real Estate AG completed its offer to purchase for cash all €400 million worth of its 2.875% senior notes due 2022.

The multifamily-focused real estate company said a total of about €33.4 million of notes were validly tendered and accepted before the offer expired June 14.

The company will pay €1,010 per €1,000 principal amount of the notes tendered to the noteholders on June 18.

Lucid Issuer Services Ltd. acted as the tender agent for the offer.