Azerion to redeem €200 million 7¼% secured bonds due 2024

By William Gullotti

Buffalo, N.Y., Sept. 14 – Azerion Group NV intends to fully redeem the company’s outstanding €200 million 7¼% senior secured bonds due April 28, 2024 (ISIN: SE0015837794), according to a press release on Thursday.

Notice of redemption is expected to be sent to bondholders on Sept. 15, with the redemption slated to occur on Oct. 30 for a purchase price of 100.725. Accrued and unpaid interest will also be paid.

The redemption will be funded by the company’s €165 million placement of three-year secured floaters and with current cash holdings.

The series was issued April 28, 2021.

Based in Amsterdam, Azerion is one of Europe’s largest digital advertising and entertainment media platforms.

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