Expro Finance to redeem $1.09 billion of 8½% secured notes due 2016

By Tali Rackner

Norfolk, Va., Aug. 1 – Expro Finance Luxembourg SCA announced the conditional redemption of $1,091,493,000 of its 8½% senior secured notes due 2016.

The notes will be redeemed at 104.25 plus accrued interest on Sept. 2, according to a notice.

The redemption is conditioned upon the company receiving funds from a new financing sufficient to redeem the notes on or prior to the redemption date.

Deutsche Trustee Co. Ltd. is the trustee, and DB Services Americas, Inc. is the paying agent.

The issuer is a unit of Reading, England-based oilfield services provider Expro International Group Ltd.

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