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Mexico’s Elektra to redeem $275 million of 7¼% notes due 2018
New York, Nov. 30 – Grupo Elektra SAB de CV will redeem $275 million of its 7¼% senior notes due 2018 on Dec. 30.
The company will pay 101.8125% of par plus accrued interest up to but excluding the redemption date, according to a notice.
Elektra said it previously repurchased $45,498,000 of the notes.
The redemption announced Wednesday is for 54.5% of the $504,502,000 currently outstanding.
Following the call, $229,502,000 will remain outstanding.
Grupo Elektra is a Mexico City-based finance and retail company.
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