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Cirsa issues call to redeem 7 7/8% notes, portion of 6¼% notes
By Wendy Van Sickle
Columbus, Ohio, Sept. 16 – Cirsa Finance International Sarl will redeem its $495 million of 7 7/8% senior secured notes (Cusips: 50200RAA1 and L6000CAA5) and a €100 million portion of its €663 million of 6¼% senior secured notes (Cusips: 184955903 and 184955890), both due 2023, according to notices from the issuer.
The 7 7/8% notes will be redeemed at 101.9688% of par and the 6¼% notes will be redeemed at 101.5625% of par plus, in both cases, accrued interest up to but excluding the Sept. 27 redemption date.
Completion of the redemptions is conditional on the receipt of funds from a new offering of senior secured notes.
Cirsa is a Madrid-based gaming company.
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