E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 9/16/2021 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

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.


© 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.