CRESCENT COMMUNITIES COMPLETES PARTIAL REDEMPTION OF 8.875% SENIOR SECURED NOTES DUE 2021

  • 06/01/2018

CHARLOTTE, N.C. (June 1, 2018) – Crescent Communities, LLC (the “Company”) and Crescent Ventures, Inc., a wholly owned subsidiary of the Company (together, the “Issuers”), today announced that the Issuers have completed the previously announced redemption of $40 million in aggregate principal amount of their 8.875% Senior Secured Notes due 2021 (the “Notes”).  The redemption represents 10% of the initial aggregate principal amount of the Notes.
 
This press release is for informational purposes only and shall not constitute a notice of redemption under the optional redemption provisions of the indenture governing the Notes, nor shall it constitute an offer to sell or the solicitation of an offer to buy the Notes or any other securities, nor shall there be any offer, solicitation or sale of the Notes or any other securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful.