APX Group issues conditional call for all 6 3/8% notes due 2019

By Wendy Van Sickle

Columbus, Ohio, Aug. 3 – APX Group, Inc. issued a conditional redemption notice for all $269,465,000 of 6 3/8% senior secured notes due 2019, according to an 8-K filing with the Securities and Exchange Commission.

The company plans to redeem the notes on Sept. 4 at 101.594 plus accrued interest.

The redemption is conditioned upon APX Group obtaining new loans with net proceeds sufficient to pay the redemption price.

APX Group is the holding company of Vivint, Inc., a Provo, Utah-based home security services provider.

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