A statement noted interest on the notes will be payable semi-annually at a rate equal to 7.000% per annum. The Notes are expected to settle on or around 28 May 2025, subject to customary conditions, and the Notes will mature on 28 May 2030.

Wednesday's statement said the proceeds of the notes, together with cash on hand, will be used firstly to finance the purchase of any and all of the company's outstanding US$500.0 million in aggregate principal amount of 5.000% senior notes due 2026 validly tendered and accepted for purchase by the company pursuant to the cash tender offer launched by it concurrently with the Offering and secondly to pay fees and expenses in relation to the transactions.

The notes will extend the maturity of the company's existing debt structure providing increased financial flexibility, the statement added.

EDV was last seen up $1.15 or 2.9% at $40.75, at the high end of its 52 week trading range.

Price: 40.75, Change: +1.15, Percent Change: +2.89

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