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SunEdison to redeem $550 million 7¾% notes due 2019 in January
By Jennifer Chiou
New York, Dec. 20 - SunEdison Inc. gave notice for the redemption of its $550 million of 7¾% senior notes due 2019.
The notes will be redeemed at the greater of
• Par plus 1% of the principal amount; and
• Par plus the excess of (a) the present value on the Jan. 21 redemption date of 105.813 plus all interest through April 1, 2014, computed using a discount rate equal to the Treasury rate as of the redemption date plus 50 bps, over the (b) principal amount of the notes.
Holders will also receive accrued interest to Jan. 21 and, if any, special interest.
U.S. Bank NA is the trustee and paying agent.
St. Peters, Mo.-based SunEdison develops, makes and sells silicon wafers.
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