Verisure satisfies redemption conditions on two series due 2023

By Taylor Fox

New York, Jan. 25 – Verisure Holding AB will redeem all of its €1.08 billion of 5¾% senior notes due 2023 (ISINs: XS1720016531 and XS1720016705) at 101.438 and all of its SEK 1.65 billion of floating-rate notes due 2023 (ISINs: XS1720019394 and XS1720019808) at 101 on Jan. 25, according to a notice.

Verisure satisfied the redemption conditions, including that it receive adequate funds from its planned €1.15 billion offering of senior secured notes due 2027 and €1.27 billion equivalent of euro- and Swedish krona-denominated senior notes due 2029.

As previously reported, the total redemption price for the SEK notes is SEK 1,680,994,791.67, which includes a SEK 14,494,791.67 payment of accrued interest to the redemption date.

The total redemption price for the euro-denominated notes is €1,104,845,400, which includes €9,315,000 of interest.

Verisure is a Malmo, Sweden-based security company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.