Standard Industries’ BMBG unit plans to redeem 3% notes on Nov. 24

By Sarah Lizee

Olympia, Wash., Nov. 14 – Standard Industries Inc. indirect subsidiary BMBG Bond Finance SCA plans to redeem its €434.25 million of 3% senior secured notes due 2021 on Nov. 24, according to a notice.

The notes will be redeemed at 100.75 plus accrued interest up to but excluding the redemption date.

The redemption price will be €443,260,687.50.

The redemption is subject to Standard Industries issuing at least €500 million of senior notes no later than the redemption date.

Standard Industries is a Parsippany, N.J.-based diversified holding company with interests in building materials, aggregates and related investment businesses.

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