Rekeep announces redemption of all 9% senior secured notes due 2022

By Cady Vishniac

Detroit, Jan. 19 – Rekeep SpA plans to redeem all €333.9 million of its 9% senior secured notes due 2022 (ISINs: XS1642818337, XS1642816554), according to a market notice.

The redemption price of the notes is 104.5 plus unpaid interest to, but excluding, the redemption date.

The redemption is conditioned upon a refinancing generating sufficient cash proceeds by the redemption date, Jan. 28. If the proceeds are not available by Jan. 28, the company may elect to redeem the notes within 60 days, provided it has completed its refinancing activities.

Rekeep is a Bologna, Italy-based provider of integrated facility management services.

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