As Per the transaction announced on May 17, 2005, Viterra AG was acquired by Deutsche Annington Immobilien GmbH. Viterra AG engages in the buying, letting, and selling of residential real estate. Its residential real estate properties range from owner-occupied apartments and single-family houses to multi-family houses and blocks of apartments. Further, the company develops office buildings and owner-occupier apartments in the metropolitan areas of Germany, including Frankfurt, Munich, Berlin, Hamburg, and Düsseldorf, as well as in Prague and Warsaw. As of December 31, 2003, it had 151,836 housing units in Germany. The company is based in Essen, Germany. Viterra AG was formerly a subsidiary o...
Founded in 1933
Viterra Accepts Purchase of 6.406% Senior Unsecured Notes Due 2021
May 30 14
Viterra has accepted for purchase CAD 175,793,000 aggregate principal amount of its outstanding 6.406% Senior Unsecured Notes due 2021. In its release on May 27, the Company said that as previously disclosed, Viterra, Glencore, Glencore International AG, Glencore (Schweiz) AG and the Trustee have entered into a supplemental indenture implementing the previously announced Proposed Amendments. The Supplemental Indenture is now operative and is binding on the holders of Notes not purchased by Viterra under its pending Offer to Purchase Notes dated May 5. As previously disclosed, upon the Proposed Amendments becoming operative they have a number of effects which include, if Viterra obtains the relief being sought under a relief application to the Financial and Consumer Affairs Authority of Saskatchewan and the Ontario Securities Commission, that Viterra will satisfy its Canadian public disclosure requirements by filing on the System for Electronic Document Analysis and Retrieval Glencore's consolidated financial statements, among other of Glencore's UK public disclosure requirements, rather than Viterra's consolidated financial statements. The Offer will expire at 5 p.m., Toronto time, on June 5, unless extended or earlier terminated. Holders who validly tender their Notes after 10 a.m. (Toronto time) on May 21, but prior to the Expiration Time, will: (a) be eligible to receive the Tender Offer Consideration of CAD 1,110 per CAD 1,000 principal amount of Notes; and (b) not be eligible to receive the Consent Payment of CAD 30 per CAD 1,000 principal amount of Notes. The company currently intends to redeem all Notes that remain outstanding following the expiration of the Offer at a redemption price of CAD 1,110 per CAD 1,000 principal amount of Notes plus accrued and unpaid interest as permitted by the Proposed Special Amendments which became operative upon the Supplemental Indenture becoming operative, as previously disclosed. The Offer is described in the news releases issued on May 5, May 22 and May 23, the Offer to Purchase and Consent Solicitation Statement dated May 5, the notice of Noteholder Meeting, Letter of Transmittal and Consent, Proxy Form and Meeting Matters Document. Capitalized terms used but not otherwise defined in this press release have the respective meanings in the Statement.