HC2 Holdings to redeem remaining 11½% notes due 2021 this month

By Wendy Van Sickle

Columbus, Ohio, Feb. 5 – HC2 Holdings, Inc. plans to redeem $67,716,000 of its 11½% senior secured notes due 2021 on Feb. 19 and will redeem the remaining $272,693,000 of the notes on Feb. 21, according to an 8-K filing with the Securities and Exchange Commission.

In each case, the redemption price will be par plus accrued interest. HC2 will redeem the first portion of outstanding notes using proceeds from the sale of Beyond6, Inc. and the remaining notes using proceeds from the issuance of $330 million of new 8½% notes due 2026.

U.S. Bank NA is the trustee.

The diversified holding company is based in New York.

© 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.