NEW YORK, Feb. 17, 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 $20 million. The redemption shall take place on or before March 31, 2017. Upon completion of the redemption of approximately 247 thousand shares, the Company will have approximately 6 million 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