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Published on 5/23/2013 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Manchester United calls 8¾% sterling bonds, 8 3/8% dollar bonds

By Marisa Wong

Madison, Wis., May 23 - Manchester United plc's subsidiary, MU Finance plc, said it plans to redeem all £177.78 million of its outstanding 8¾% sterling bonds and $22.09 million of its 8 3/8% dollar bonds on June 24. The company issued a redemption notice for the bonds on Thursday.

The bonds will be redeemed on June 24.

Funding for the redemption will come from a committed new facility provided by Bank of America, NA.

Manchester United, England's professional soccer franchise, is based in Manchester, England.


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