Alliance Data redeems $500 million 5 7/8% senior notes due 2021

By Sarah Lizee

Olympia, Wash., July 5 – Alliance Data Systems Corp. redeemed its $500 million of 5 7/8% senior notes due Nov. 1, 2021, according to an 8-K filing with the Securities and Exchange Commission.

The notes were redeemed on July 3 at 102.938 plus accrued interest to the redemption date.

Alliance Data funded the redemption price with proceeds from the sale of its Epsilon business for about $4.4 billion.

As previously reported, Alliance also plans to redeem its €300 million 5¼% senior notes due 2023 and its €400 million 4½% senior notes due 2022.

The notes will be redeemed on July 10. The redemption price for the 5¼% notes will be 103.938 plus accrued interest to but excluding the redemption date. The redemption price for the 4½% notes will be 102.25 plus accrued interest to but excluding the redemption date.

The redemptions were both conditioned on the issuer successfully completing the sale of its Epsilon business.

Alliance Data Systems is a Plano, Tex.-based provider of data-driven marketing and loyalty solutions.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.