News about Lippo Malls Indonesia Retail Trust —
Debt-ladden Lippo Mall Indonesia Retail Trust is embarking into a debt-repurchase tender thanks to obtaining a new secured loan:
The new loan will be used to finance the repurchase of the outstanding 7.25% senior notes due in 2024, and the 7.5% senior notes maturing in 2026; and the consent fee.
LMIRT is offering to buy the 7.25% 2024 notes at 76.5 cents per dollar, and the 7.5% 2026 notes at 66.5 cents per dollar.