UDR, Inc. (UDR) announced the expiration and final results of its cash tender offer for its 81/2% Debentures Due September 15, 2024.
The company noted that the tender offer expired at 11:59 P.M., Eastern Time, on September 3, 2009. A total of $37.47 million in aggregate principal amount of Notes, representing about 70.55% of the Notes outstanding, were validly tendered in the tender offer, which includes Notes that were tendered at or prior to the extended early tender deadline that expired at 5:00 P.M., Eastern Time, on August 20, 2009.
The company stated that the holders who validly tendered their Notes at or prior to the Expiration Time and after the Extended Early Tender Deadline will receive tender offer consideration in the amount of $980 per $1 thousand principal amount of Notes validly tendered and accepted for purchase.
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