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DENVER — UDR Inc., a real estate investment trust, said Tuesday that it extended the early cash tender deadline on previously announced notes.
The early deadline for the 8 1/2 percent notes due Sept. 15, 2024, is now 5 p.m. Aug. 19 instead of Aug. 17.
Because the withdrawal deadline for the offer has already expired, notes previously tendered cannot be withdrawn.
Holders who validly tender their notes at or prior to the new deadline will receive $1,010 per $1,000 principal amount of notes tendered, which includes an early payment of $30 per $1,000 principal amount, if their notes are accepted for purchase.
The offer is scheduled to expire at 11:59 p.m. on Aug. 31, unless extended or earlier terminated.
Holders who tender their notes after the new deadline but before the expiration time will receive $980 per $1,000 principal amount of notes.
