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Almirall to redeem all 4 5/8% senior notes due 2021 on April 4
New York, Feb. 27 – Almirall, SA will repay all €323.55 million of its 4 5/8% senior notes due 2021 on April 4, according to a notice from the issuer.
Holders will receive 102.313% of par plus accrued interest.
In its announcement of earnings for 2016, released on Monday, Almirall said the senior notes will be replaced by a revolving credit facility, which has an interest rate of “below 1.0%.”
The company said it has closed on a new €250 million revolver with a four-year term.
Almirall is a Barcelona, Spain-based pharmaceutical firm.
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