Ciech calls all €245 million 9½% senior secured notes due 2019

New York, Oct. 30 – Ciech Group Financing AB said it will redeem all €245 million outstanding of its 9½% senior secured notes due 2019.

The company will pay 107.125% of par for the notes plus accrued interest up to but excluding the redemption date, which will be Nov. 30, according to a notice from the issuer.

Completion of the redemption is subject to completion of a new senior credit facility led by Bank Handlowy w Warszawie SA.

If the new facility has not closed the redemption may be extended up to Dec. 29.

Ciech Group Financing is a subsidiary of Ciech SA, a Warsaw-based soda ash producer.

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