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Prospect News home > News index > List of issuers Tenders > Headlines for 2019 > News item
Published on 4/23/2019 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Fnac Darty to redeem 3¼% senior notes due 2023 with new note proceeds

By Sarah Lizee

Olympia, Wash., April 23 – Fnac Darty SA plans to fully redeem its outstanding €650 million 3¼% senior notes due 2023 using proceeds from a new note offering, according to a press release.

The company announced Tuesday that it plans to issue €650 million of new notes, consisting of €300 million senior notes due 2024 and €350 million senior notes due 2026.

Cash on hand will also be used to pay the premium, costs, fees and expenses incurred in connection with the offering and redemption.

Fnac Darty, formerly Groupe Fnac SA, is a France-based retailer of cultural, leisure and technological products for the general public in stores and online.


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