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China’s Maoye redeems 11.14% of 13¼% senior notes due 2020
Chicago, May 15 – Maoye International Holdings Ltd. has redeemed $27.85 million of its $250 million 13¼% senior notes due 2020, according to a company news release.
The repurchases were made during the open market period from November 2018 to May.
After the cancelation of the repurchased notes, $222.15 million of the notes, or 88.86%, remain outstanding.
The notes were originally issued Sept. 20, 2018 in the amount of $150 million and then in a subsequent add-on to the issue for $100 million on Oct. 9, 2018.
Maoye is a department store based in Shenzhen, China.
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