BRE Properties (BRE) Commences Tender Offer for Outstanding 7.45%, 7.125% Senior Notes
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BRE Properties, Inc. (NYSE: BRE) today announced the commencement of a cash tender offer for any and all of its outstanding 7.45% Senior Notes due 2011 and any and all of its outstanding 7.125% Senior Notes due 2013. There is currently $250.0 million aggregate principal amount of the 7.45% Senior Notes due 2011 and $130.0 million aggregate principal amount of the 7.125% Senior Notes due 2013 outstanding.
The tender offer will expire at 5:00 p.m., New York City time, on Wednesday, April 1, 2009, unless extended or earlier terminated. The terms and conditions of the tender offer are set forth in an Offer to Purchase dated March 25, 2009 and related Letter of Transmittal, which together constitute the "Offer."
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