Verisure plans to redeem €70 million portion of notes due 2022

By Wendy Van Sickle

Columbus, Ohio, March 9 – Verisure Holding AB plans to redeem a €70 million portion of its 6% senior secured notes due 2022 on March 19, according to a conditional call notice.

Verisure is set to redeem the notes at 103 plus accrued interest, provided that it receives the proceeds of at least €425 million of a new term loan B tranche under its senior credit facilities.

Following the redemption, €630 million of the notes will remain outstanding.

The record date will be March 18, and payment will be made on March 20.

Citibank NA, London Branch, is the paying agent.

Based in Malmo, Sweden, Verisure Group is a provider of monitored fire and intrusion alarms, which include response services in the event of an alert.

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