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Dixons Retail calls 8¾% notes due 2017, 2015, conditioned on merger
By Susanna Moon
Chicago, July 21 – Dixons Retail plc said it will redeem its £150 million 8¾% guaranteed notes due 2017 and its £100,561,000 of outstanding £150 million 8¾% guaranteed notes due 2015.
The company will pay par plus accrued interest plus a call premium to the redemption date of Aug. 21.
The redemption of the notes is conditioned on completion of the all-share merger between the issuer and Carphone Warehouse Group plc, which is expected to occur on Aug. 6.
The notes will be redeemed under the procedures of Euroclear Bank SA/NV and Clearstream Banking, SA.
Dixons is a specialist electrical retailer and services company based in Hemel Hempstead, England.
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