Outerwall to redeem remaining 6% notes, 5 7/8% notes on Oct. 27

By Marisa Wong

Morgantown, W.Va., Sept. 27 – Outerwall Inc. delivered notices of redemption to holders of the remaining 6% senior notes due 2019 and 5 7/8% senior notes due 2021 not purchased in its previously announced tender offer.

The company will redeem the outstanding notes on Oct. 27.

Holders had tendered $246,578,000 of the 6% notes due 2019 and $225,618,000 of the 5 7/8% notes due 2021 under the offer for Outerwall’s $320,614,000 outstanding 6% notes and $228,598,000 outstanding 5 7/8% notes that expired at midnight ET on Sept. 22.

As of Sept. 27, $74,036,000 of 6% notes and $2.98 million of 5 7/8% notes remain outstanding.

The tender offers were conducted in connection with the acquisition of Outerwall by Apollo Global Management, LLC, which closed on Tuesday.

Outerwall is a Bellevue, Wash.-based provider of retail products and services via self-service interactive kiosks.

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