Rhiag to redeem €265 million 7¼% notes, €200 million floaters Thursday

By Marisa Wong

Morgantown, W.Va., March 23 – Rhiag-Inter Auto Parts Italia SpA plans to redeem its outstanding €265 million 7¼% senior secured notes due 2020 and €200 million floating-rate senior secured notes due 2019 on March 24, according to an 8-K filing with the Securities and Exchange Commission.

The total redemption prices, including applicable premiums, will be €293,054,490 for the fixed-rate notes and €200,264,000 for the floaters.

The company intends to fund the redemption by drawing additional amounts under its credit agreement.

Rhiag is a Milan-based manufacturer of aftermarket auto parts.

© 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.