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Drax to redeem £350 million senior secured fixed-rate notes due 2022
By Taylor Fox
New York, Nov. 6 – Drax Finco plc plans to redeem in full its outstanding £350 million senior secured fixed-rate notes due 2022 (ISIN: XS1602280833, XS1602280676) on Nov. 19, according to a company announcement.
The record date is Nov. 18.
The notes will be redeemed at a price equal to 101.0625, plus interest up to Nov. 1.
BNY Mellon Corp. Trustee Services Ltd. is the trustee.
The Bank of New York Mellon, London Branch is the paying agent and the calculation agent.
The Bank of New York Mellon SA/NV, Luxembourg, is the registrar and transfer agent.
Deutsche Bank AG, London, is security agent.
Drax is an England-based electrical power generator.
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