Europcar to redeem €500 million of 2 3/8% due 2022 on Oct. 27

By Wendy Van Sickle

Columbus, Ohio, Sept. 27 – Europcar Mobility Group SA will redeem its €500 million of 2 3/8% senior secured notes due 2022 on Oct. 27, accordion to a news release.

The notes (ISINs: XS1703900594 and XS1703900164) will be redeemed at 100.594 plus interest for a total redemption price of €507,654,027.78.

The redemption is conditioned on closing of an issuance of new notes sufficient to effect the redemption by the redemption date.

Europcar is a Paris-based vehicle rental services provider.

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