October 20, 2021
Chilean retailer Falabella said Tuesday that it agreed to repurchase $191 million worth of 4.375% 2025 bonds, up from an initial offer of $150 million.
The Santiago-based chain of department stores had $400 million in outstanding 2025 bonds when it announced the buyback on October 4. It offered to pay $1,085 for every $1,000 in principal, including a early tender premium of $30.
Falabella is retiring $499 million of outstanding bonds after agreeing last week to repurchase $308 million of the $5
Chilean retailer agrees to repurchase $191 mln in 2025 notes and redeems a total of $499 mln in outstanding bonds