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Published on 2/28/2017 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

GlobalConnect issues call for DKK 700 million of 5.7% bonds at 107.3

By Susanna Moon

Chicago, Feb. 28 – GlobalConnect A/S called its DKK 700 million of outstanding 5.7% senior secured bonds due 2020 for redemption on March 7.

The bonds will be redeemed at 107.3% of par plus accrued interest to but excluding the redemption date, according to a company announcement.

As announced Jan. 30, GlobalConnect expected to refinance its debt in connection with the acquisition of the company by Infrastructure investment strategy through Skynet Invest ApS.

The acquisition closed Tuesday.

As previously announced, GlobalConnect obtained the needed votes to call the notes at the meeting held Feb. 13 in Oslo.

The early consent fee of 0.2% will be paid on March 7.

Based in Taastrup, Denmark, the issuer provides secure data networking, housing and cloud services.


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