THE HOWARD HUGHES CORPORATION (NYSE:HHC) Files An 8-K Termination of a Material Definitive Agreement
Item 1.02.Termination of a Material Definitive Agreement.
Redemption of Notes and Termination of Indenture
Effective March30, 2017, the indenture (Indenture), dated
October3, 2013, as amended by the supplemental indenture, dated
March16, 2017, by and between The Howard Hughes Corporation (the
Issuer) and Wells Fargo National Association, as trustee (the
Trustee), governing the Issuers 6.875% senior notes due 2021 (the
Notes) has been satisfied and discharged in accordance with its
terms. The Issuer discharged the Indenture after issuing a notice
of redemption in accordance with the Indenture and funding an
amount to the Trustee sufficient to redeem the remaining
outstanding Notes not tendered in the Tender Offer (as defined in
Item 8.01) at a redemption price of 105.156%, plus accrued and
unpaid interest on such Notes up to, but excluding the redemption
date.
Item 8.01.Other Events.
On March30, 2017, the Issuer announced the expiration of its cash
tender offer and consent solicitation for any and all of its
outstanding 6.875% senior notes due 2021 (the Tender Offer) and
the completion of its call for redemption of all of the remaining
Notes not tendered in the Tender Offer. A copy of the press
release issued in connection with such action is attached hereto
as Exhibit99.1.
Item 9.01.Financial Statements and
Exhibits.
(d)Exhibits
|
Exhibit Number |
|
Description |
|
99.1 |
Press Release dated March30, 2017 |
About THE HOWARD HUGHES CORPORATION (NYSE:HHC)
The Howard Hughes Corporation is a developer of master planned communities and mixed use properties. The Company is engaged in the ownership, management and the redevelopment or repositioning of real estate assets, as well as other real estate opportunities in the form of entitled and unentitled land and other development rights, also called Strategic Developments. It operates through three segments: Master Planned Communities, Operating Assets and Strategic Developments. Its Master Planned Communities segment consists of the development and sale of residential land and the development of commercial land to hold, develop or sell. Its master planned communities include The Woodlands, Summerlin, Maryland, Bridgeland and The Woodlands Hills. As of December 31, 2016, its Operating Assets segment included 54 properties, investments and other assets. As of December 31, 2016, the Strategic Developments segment included 23 development projects. THE HOWARD HUGHES CORPORATION (NYSE:HHC) Recent Trading Information
THE HOWARD HUGHES CORPORATION (NYSE:HHC) closed its last trading session up +0.42 at 115.96 with 106,052 shares trading hands.
