Diversey Holdings again opts to pay cash interest on 10½% senior notes

By Susanna Moon

Chicago, Nov. 15 - Diversey Holdings, Inc. again elected to pay interest in cash on its $250.0 million initial principal amount of 10½% senior notes due 2020, according to a 10-Q filing with the Securities and Exchange Commission.

The interest amount will be $13.8 million and will be due on May 15.

Diversey issued the notes on Nov. 24, 2009, and the principal amount of the notes grew by $12.5 million, in lieu of a cash interest payment, to $262.5 million on May 15.

The company said on April 26 that it elected to pay the Nov. 15 interest on the notes in cash. The amount of the interest was $13.8 million.

Diversey, formerly JohnsonDiversey Holdings, Inc., is a Sturtevant, Wis., maker of commercial cleaning, sanitation and hygiene products.

© 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.