PARIS--(BUSINESS WIRE)--Regulatory News:
Kaufman & Broad (Paris:KOF) announces it will launch today a double
Dutch auction process for the lenders under its senior facilities
agreement: the first auction process is intended to allow the Company to
partially prepay its term debt and the second auction process is
intended to allow the Company to partially cancel the revolving credit
facility commitments made available to it under this senior credit
agreement.
The Company reserves its right to accept or refuse
offers made by the lenders, depending on the financial conditions
proposed under such offers.
Since more than 40 years, the Kaufman & Broad group has designed, developed and sold single family homes in communities, apartments and offices on behalf of third parties. Kaufman & Broad is a leading French property builder and developer in view of its size, earnings and power of its brand.
Site: www.ketb.com