Verisure says financing condition satisfied for redemption of 3½% notes

By Mary-Katherine Stinson

Lexington, Ky., Oct. 12 – Verisure Holding AB announced the satisfaction of the financing condition for its previously announced full redemption of €500 million 3½% senior secured notes due 2023 (ISINs: XS1908250191, XS1908250787), according to a notice.

The redemption will proceed, as previously reported, on Oct. 12 for a total redemption payment of €506,368,056.

The notes are being redeemed at par plus unpaid interest of €6,368,056, in the aggregate.

The paying agent is Citibank NA, London Branch.

Verisure is a Versoix, Switzerland-based security company. The company priced €500 million of five-year notes at par to yield 9¼% on Sept. 28. The deal closed on Oct. 12.

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