Tank & Rast calls subsidiary’s 6¾% senior secured notes due 2020

New York, Nov. 14 – Tank & Rast said it will redeem the €459.3 million of 6¾% second-lien senior secured notes due 2020 issued by subsidiary Deutsche Raststätten Gruppe IV GmbH.

The notes will be repaid on Dec. 14 at par plus the make-whole premium plus accrued interest, according to a notice.

Tank & Rast originally issued €460 million of the notes, but €0.7 million were purchased in a change-of-control tender offer in October 2015.

Tank & Rast is a Bonn, Germany, operator of fuel stations and service stations on the German autobahn network.

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