E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 6/15/2015 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Krauss-Maffei calls €32.5 million more 8¾% notes due 2020 at 103

By Susanna Moon

Chicago, June 15 – Krauss-Maffei Corp. and KraussMaffei Group GmbH, formerly known as KM Germany Holdings GmbH, called €32.5 million more of their 8¾% senior secured notes due 2020.

The purchase price will be €1,036.81 for each €1,000 principal amount of notes, according to a company notice.

The notes will be redeemed at 103 plus accrued interest on July 13. The record date is July 10.

After settlement, there will be €260 million of the notes left outstanding.

Deutsche Bank AG, London Branch is the paying agent.

As previously announced, KraussMaffei called €32.5 million of the 8¾% notes for redemption at 103 plus accrued interest on Dec. 12.

KraussMaffei is an injection molding machine manufacturer and defense company based in Munich.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.