Cerved to redeem all €250 million senior secured floaters due 2019

By Tali Rackner

Norfolk, Va., May 30 - Cerved Group SpA plans to redeem all €250 million of its senior secured floating-rate notes due 2019, according to a filing with the London Stock Exchange.

The notes will be redeemed at 101 plus accrued interest on June 30, for a total redemption price that is expected to be €255,509,918.

The redemption is conditional on the closing by June 23 of an equity offering raising a minimum of net proceeds equal to the redemption price.

Cerved is a Milan-based credit information services provider.

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