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Published on 12/30/2015 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Aguila 3 calls all Swiss franc-, dollar-denominated 7 7/8% secured notes due 2018

By Marisa Wong

Morgantown, W.Va., Dec. 30 – Aguila 3 SA will redeem in full its CHF 350 million 7 7/8% senior secured notes due 2018 and $945 million 7 7/8% senior secured notes due 2018 on Jan. 31, according to a notice.

The issuer will redeem the notes at 101.969, or CHF 356,891,500 and $963,607,050, respectively.

The company will also pay accrued interest from July 31 to the redemption date of CHF 13,781,250 and $37,209,375.

The record date will be Jan. 15 for both sets of notes.

The redemption is conditioned on HNA Group Co., Ltd. acquiring Aguila 2 SA, which is the parent company of Aguila 3, and the issuer obtaining financing sufficient to redeem the notes.

Citibank, NA, London Branch is the agent.

Aguila is a Luxembourg-based airport services provider.


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