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Prospect News home > News index > List of issuers I > Headlines for Inmarsat Finance plc > News item |
Inmarsat plans to redeem $400 million 6½% notes due 2024 at 104.875
By Sarah Lizee
Olympia, Wash., Oct. 30 – Inmarsat Finance plc plans to redeem all $400 million of its 6½% senior notes due 2024 on Nov. 27, according to a notice.
The redemption is subject to a financing condition. The redemption date may be moved depending on when the financing condition is met.
The notes will be redeemed at 104.875 plus accrued interest up to but excluding the redemption date, for a total redemption amount of $423,544,444.44.
Inmarsat is a London-based satellite telecommunications company.
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