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Vivint to redeem $300 million 6 3/8% notes due 2019 via add-on issue
By Susanna Moon
Chicago, Jan. 18 – APX Group Holdings, Inc., the holding company of Vivint, Inc., said wholly owned subsidiary APX Group, Inc. plans to redeem up to $300 million principal amount of its 6 3/8% senior secured notes due 2019.
The issuer plans to offer $300 million principal amount of its 7 7/8% senior secured notes due 2022 in a private placement as an add-on under Rule 144A and Regulation S to the $600 million of notes issued in May 2016 and August 2016, according to a company announcement.
Proceeds also will be used for general corporate purposes.
The redemption of the 2019 notes is contingent on the add-on issue.
The company is a Provo, Utah-based home security services provider.
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