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Unitymedia calls 10% of three series of senior secured notes due 2023
By Wendy Van Sickle
Columbus, Ohio, Dec. 10 – Unitymedia Hessen GmbH & Co. KG and Unitymedia NRW GmbH issued a call for 10% of each of three series of senior secured notes due 2023.
The notes include €500 million of 5 1/8% notes, €350 million of 5 5/8% notes and €500 million of 5¾% notes.
The redemption price for all three series of notes will be 103% of par plus any additional amounts under the notes indenture and accrued interest to the redemption dates.
The redemption date will be Jan. 21 with a Jan. 20 record date for the 5 1/8% notes; and Dec. 24 with a Dec. 23 record date for the 5 5/8% and 5¾% notes.
After the redemptions, a new note or notes with principal amount equal to the unredeemed portions will be issued upon cancellation of the original notes, the company said.
The Bank of New York Mellon (Luxembourg) SA is the registrar. Credit Suisse AG, London Branch is the security trustee.
Unitymedia is a Cologne, Germany-based cable operator.
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