Ineos plans to redeem all €770 million 4% notes due 2023 on May 1

By Sarah Lizee

Olympia, Wash., April 8 – Ineos Finance plc plans to redeem all €770 million of its 4% senior secured notes due 2023, according to a notice.

The notes will be redeemed on May 1 at par plus additional amounts, if any, and accrued interest up to but excluding the redemption date.

The redemption is conditioned on the completion of one or more financing transactions by the company resulting in net proceeds sufficient to pay the redemption price.

The company is a London-based manufacturer of petrochemicals and specialty chemicals.

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