Crescent Real Estate Announces Extension of Exchange Offer of 9.25% Senior Notes Due 2009.Business Editors FORT WORTH, Texas--(BUSINESS WIRE)--Oct. 11, 2002 Crescent Real Estate Equities Limited Partnership (NYSE NYSE See: New York Stock Exchange :CEI CEI Competitive Enterprise Institute CEI Conferenza Episcopale Italiana (Italian bishop conference) CEI Central European Initiative CEI Comitato Elettrotecnico Italiano (Italian Electrotechnical Committee) ) ("CREELP") and Crescent Finance Company, a wholly-owned subsidiary of CREELP and co-issuer of the 9.25% senior notes due 2009, announced today that they have extended the expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist. Notes: The expiration date for all listed stock options in the U.S. of their offer to exchange registered 9.25% senior notes due 2009 for the outstanding notes. The expiration date, which was 5:00 p.m. ET on October 11, 2002, has been extended until 5:00 p.m. ET on October 15, 2002. As of 5:00 p.m. ET on October 11, 2002, approximately $324.4 million aggregate principal amount of the $325.0 million of 9.25% Senior Notes due 2009 subject to the exchange offer had been tendered for exchange and received by the exchange agent. ABOUT THE COMPANY Crescent Real Estate Equities Company Crescent Real Estate Equities Co. (NYSE: CEI) is a Fort Worth, Texas-based real estate investor with holdings mainly in office and hotel properties, including several landmark buildings in the southern United States. (NYSE:CEI) is one of the largest publicly held real estate investment trusts in the nation. Through its subsidiaries and partners, Crescent owns and manages a portfolio of 74 premier office buildings totaling over 29 million square feet and centered in the Southwestern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , with major concentrations in Dallas, Houston, Austin and Denver. In addition, the company has investments in world-class resorts and spas and upscale residential developments. |
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