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Alliance Data satisfies redemption condition for €700 million of notes
By Rebecca Melvin
New York, July 8 – Alliance Data Systems Corp. said that the condition for the redemption of €300 million 5¼% senior notes due 2023 and €400 million 4½% senior notes due 2022 has been satisfied, according to company notices.
The notes will be redeemed on July 10.
As previously reported, 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 segment.
Alliance Data Systems is a Plano, Tex.-based provider of data-driven marketing and loyalty solutions.
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