Burger King France finalizes plans for redemptions of two series

Chicago, Nov. 2 – Burger King France SAS confirmed it will definitely redeem its €315 million 6% senior secured notes due 2024 (ISIN: XS1600514696, XS1600477399) and its €250 million senior secured floating-rate notes due 2023 (ISIN: XS1600481821, XS1600512641).

Earlier, the company had issued a conditional notice of redemption for the notes, subject to a refinancing condition. That condition has now been satisfied, according to an announcement.

The notes will be redeemed on Nov. 2.

The redemption price is 101.5 for the 6% notes and par for the floaters, plus in each case accrued interest.

The total redemption price is €625 million for both notes plus €14.2 million for the fixed-rate notes (comprising both interest and a non-call premium of €4.7 million) and €4.2 million for the floaters.

Citibank, NA, London Branch is the paying agent.

The fast-food restaurant chain operator is based Paris.

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