InterXion gets early tenders, consents for 98% of 9½% notes due 2017

By Susanna Moon

Chicago, June 17 - InterXion Holding NV said holders had tendered €255,012,000, or 98%, of its €260 million of outstanding 9½% senior secured notes due 2017 by 5 p.m. ET on June 14, the consent payment deadline.

As a result, the company obtained the needed tenders and consents from holders representing a majority of the outstanding notes and executed a supplemental indenture to the notes, which will become operative the company accepts for purchase the tendered notes, according to a company press release.

Interxion is soliciting consents to amend the notes to eliminate or modify substantially all of the restrictive covenants and events of default and related provisions, according as previously noted.

As announced on June 3, the total purchase price will be €1,102 for each €1,000 principal amount of notes tendered by the consent payment date.

The total payment includes a consent payment of €10.00 per €1,000 of notes.

Those who tender after the consent deadline will receive €1,092 per €1,000 of notes.

The tender offer will continue until 11:59 p.m. ET on June 28.

The company also will pay accrued interest up to but excluding the settlement date.

Holders who tender notes in the tender offer are deemed to consent to the proposed amendments, as previously noted.

Notes must be tendered in minimum denominations of €50,000 and integral multiples of €1,000, unless a holder tenders all notes held by the holder, the previous release noted.

The company previously said it planned to call all notes that remain outstanding after the offer at a make-whole redemption price.

The offer is conditioned on the issue of new euro senior secured notes with enough proceeds to fund the offer, the post-closing redemption and the entry into a new revolving credit facility, the company also noted at the time.

Lucid Issuer Services Ltd. (+44 20 7704 0880, attn: Sunjeeve Patel, or email interxion@lucid-is.com) is the tender and information agent. Barclays Bank plc (+44 20 7773 8990 or email eu.lm@barclays.com) is the dealer manager and consent solicitation agent.

InterXion is a Tupolevlaan, Netherlands-based provider of premium carrier-neutral data centers.

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