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Germany’s Unitymedia calls 10% of 5˝% senior secured notes due 2022
By Susanna Moon
Chicago, Dec. 9 – Unitymedia Hessen GmbH & Co. KG and Unitymedia NRW GmbH issued a call for 10% of their €650 million 5˝% senior secured notes due 2022.
The redemption price will be 103% of par plus any additional amounts under the notes indenture and accrued interest to the redemption date of Jan. 8, according to a company notice.
The record date will be Jan. 7.
After the redemption, a new note or notes with principal amount equal to the unredeemed portion will be issued upon cancellation of the original note, the company said.
The redemption is conditioned on the issuers receiving at least €420 million of proceeds from an offering of senior secured notes by Dec. 23.
The Bank of New York Mellon (Luxembourg) SA is the registrar. Credit Suisse AG, London Branch is the security trustee.
Unitymedia is a Cologne, Germany-based cable operator.
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