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Azerion says conditions met for redemption of 7¼% bonds due 2024
By Mary-Katherine Stinson
Lexington, Ky., Oct. 18 – Azerion Group NV confirmed that the conditions have been met for the full redemption of the company’s outstanding €200 million 7¼% senior secured bonds due April 28, 2024 (ISIN: SE0015837794), according to a press release.
The redemption was conditioned on the company’s €165 million placement of three-year senior secured callable floating-rate bonds before the Oct. 23 record date. The redemption will be funded by the new issue proceeds in addition to current cash holdings.
The notice of redemption is now irrevocable.
As previously reported, the redemption will occur on Oct. 30 for a purchase price of 100.725. Accrued and unpaid interest will also be paid.
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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