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Cirsa calls €289.68 million 8¾% notes for redemption at par on May 27
By Susanna Moon
Chicago, April 27 – Cirsa Funding Luxembourg, SA said it issued a call for its €289,682,000 of outstanding 8¾% senior notes due 2018.
The notes will be redeemed at par plus accrued interest from May 15 to but excluding the redemption date of May 27, according to a redemption notice.
The amount outstanding consists of €253,744,000 principal amount of notes with ISIN XS0506591519 and €35,938,000 of notes with ISIN XS0506593135.
The principal paying agent is Deutsche Bank AG, London Branch (fax +44 207 547 6149 or tss-gds.row@db.com).
As announced Tuesday, investors had tendered €160,318,000 of the company’s €414,062,000 of 8¾% senior notes due 2018 by the end of the offer at 11 a.m. ET on April 25.
Cirsa accepted all of the tendered notes for purchase at 100.5% of par plus accrued interest up to but excluding the payment date of April 27.
The offer only included notes sold under Regulation S. Rule 144A notes were not eligible.
Cirsa Funding is a subsidiary of Cirsa Gaming Corp. SA, a Barcelona-based gambling operator.
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