Styrolution changes expected redemption date for 7 5/8% notes due 2016

By Tali Rackner

Norfolk, Va., Oct. 31 – Styrolution Group GmbH changed the redemption date for its 7 5/8% senior secured notes due 2016, according to a press release.

The company said its refinancing condition has not been satisfied or waived by Oct. 31 and, as a result, the redemption will not take place on Nov. 3.

Styrolution now expects the conditional redemption to take place on or before Dec. 2.

As previously reported, proceeds from a new term loan will be used to fund the redemption.

Citibank, NA, London Branch is the trustee, principal paying agent, transfer agent and registrar.

Styrolution is a Frankfurt-based styrenics supplier.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.