Ad Hoc Committee of EOP Noteholders Maintains Opposition to Tender Offer and Consent Solicitation
January 10 2007 - 6:40PM
Business Wire
The following is a statement issued by the Ad Hoc Committee of
Unsecured Noteholders of Equity Office Properties Trust ("EOP").
The Ad Hoc Committee was formed in opposition to the tender offer
and consent solicitation announced on December 26, 2006 by EOP's
subsidiary, EOP Operating Limited Partnership. The Ad Hoc Committee
has learned that EOP has made modifications to the tender offer and
consent solicitation with respect to the 7.25% Notes due 2028, 7.5%
Notes due 2029 and 7.875% Notes due 2031. However, the terms of the
tender offer and consent solicitation are such that holders of the
7.25% Notes due 2028, 7.5% Notes due 2029 and 7.875% Notes due 2031
will still not receive their full contractual entitlements.
Accordingly, the Ad Hoc Committee remains actively opposed to the
tender offer and consent solicitation.
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