Mobilux Finance conditionally calls €380 million 5½% notes due 2024

By Marisa Wong

Los Angeles, June 18 – Mobilux Finance SAS issued a notice of conditional redemption for its €380 million 5½% senior secured notes due 2024 (ISIN: XS1512670412, XS1512671063).

The notes will be redeemed in full on June 29 at 101.375 plus accrued interest to the redemption date, for a total payment of €387,779,444.

The redemption is conditioned on Mobilux issuing at least €500 million of new euro-denominated notes.

Deutsche Trustee Co. Ltd. is the trustee. Deutsche Bank AG, London Branch is the paying agent.

Mobilux is a special purpose entity for French furniture retailer BUT SAS.

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