Trionista calls 5% notes due 2020, 6 7/8% notes due 2021

New York, Sept. 18 – ista International GmbH’s parent companies said they will redeem two series of notes.

Trionista HoldCo GmbH will repay its €350 million of 5% senior secured notes due 2020 on Oct. 18 at 101.25% of par plus accrued interest up to but excluding the redemption date, according to a notice from the issuer.

In addition, Trionista TopCo GmbH will redeem its €525 million of 6 7/8% senior subordinated notes due 2021 on the same day at 103.438% of par plus accrued interest up to but excluding the redemption date, according to a separate notice.

Both redemptions are subject to the closing of the acquisition of ista by Lamarillo Sarl and regulatory approvals of the transaction.

ista is an Essen, Germany-based company that provides energy measuring solutions for apartment and commercial buildings.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.