RA Holding Corp. Announces Approval of Partial Redemption of Class A Preferred Shares
NEW YORK, Dec. 21, 2017 /PRNewswire/ — RA Holding Corp.(“RA Holding” or the “Company”) announced today that it has approved a partial redemption of its Class A Preferred Shares issued pursuant to the Second Amended Joint Plan of Reorganization of Arcapita Bank B.S.C.(c) in the amount of $10 million or 2.05% of the total Class A Preferred Shares outstanding. The redemption record date is December 20, 2017 and funds are expected to flow on or before December 31, 2017. Upon completion of the redemption of 123,298 shares, the Company will have 5,894,213 Class A Preferred Shares outstanding.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER TO PURCHASE OR A SOLICITATION OF AN OFFER TO SELL ANY SECURITIES
About RA Holding Corp.
RA Holding Corp. is the top level holding company in the group created pursuant to the plan of reorganization of Arcapita Bank B.S.C.(c) and certain affiliates under chapter 11 of the United States Bankruptcy Code.
Ada Oni-Eseleh, 646-685-8075