Homburg Acknowledges Partial Tender Offer by Catalyst

Homburg Invest, Inc., a Dartmouth, Nova Scotia-based manager, acquirer and developer of residential, commercial, retail and industrial real estate, has acknowledged a partial tender offer by private equity firm Catalyst Capital Group to holders of mortgage and other bonds. Homburg, which has been restructuring since 2007, is not in negotiations with Catalyst about the offer, nor has it been informed of its contents. Toronto’s Catalyst specializes in control and influence investments in distressed and undervalued Canadian situations.


Homburg Invest responds to partial tender offer by Catalyst Capital Group to bondholders

MONTREAL, Jan. 16, 2013 /CNW Telbec/ – Homburg Invest Inc. (NYSE Euronext Amsterdam: HII) (“Homburg Invest”) has taken note of the partial tender offer by the Catalyst Capital Group (“CCG”) to holders of (i) mortgage bonds, series HMB4, HMB5, HMB6 and HMB7, issued pursuant to a trust indenture dated 15 December 2002, as supplemented from time to time; and (ii) corporate non asset-backed bonds, series HB8, HB9, HB10 and HB11, issued pursuant to a trust indenture dated 31 May 2006, as supplemented from time to time (the “Tender Offer”).

Homburg Invest has not participated and is not involved in any negotiations or discussions with CCG in connection with the Tender Offer nor has it been informed on its contents.

Homburg Invest continues to diligently pursue its restructuring efforts, with the assistance of the Court appointed Monitor and their respective advisors, including the preparation of its plan of arrangement under the Companies’ Creditors Arrangement Act (Canada) (the “CCAA Plan”). Homburg Invest will be filing and presenting the CCAA Plan to its creditors shortly. The CCAA Plan, as currently contemplated, provides for a cancellation of all existing shares of HII with no recovery or payment to its shareholders.

About Homburg Invest

Homburg Invest owns a diversified portfolio of commercial real estate including office, retail, industrial and development properties throughout Canada, Europe and the United States.

SOURCE: Homburg Invest

For further information:

Caroline Martel
NATIONAL Public Relations
(514) 843-2313

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