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Prospect News home > News index > List of issuers A > Headlines for Arrow Global Group plc > News item
Published on 8/31/2016 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Arrow Global to redeem its 7 7/8% senior secured notes due 2020

New York, Aug. 31 – Arrow Global Group plc said its Arrow Global Finance plc subsidiary will redeem all £220 million of its 7 7/8% senior secured notes due 2020 on Sept. 12.

The issuer will pay 103.938% of par for the notes plus accrued interest to the redemption date, according to a notice.

Arrow said the redemption is conditional on the receipt of proceeds from an offering of new senior secured notes.

The company is a Manchester, England-based purchaser of consumer debt and provider of receivables management solutions.


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