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Hungary's Invitel Holdings subsidiary redeems floating-rate PIK notes
By Toni Weeks
San Diego, Feb. 22 - Invitel Holdings A/S said its subsidiary HTCC HoldCo I BV has fully redeemed its outstanding floating-rate senior PIK notes due 2013.
The notes were redeemed on Feb. 22 at a price of 101 plus accrued interest, according to a press release.
The Bank of New York Mellon, acting as trustee, will cancel the redeemed notes.
Invitel is a Budapest-based telecommunications services provider.
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