Verisure plans €200 million tap of 3½% secured notes due 2023

By Paul A. Harris

Portland, Ore., May 13 – Verisure Holding AB announced in a Monday press release that it intends to issue a €200 million add-on to its 3½% senior secured notes due May 15, 2023.

Proceeds from the Regulation S offering will be used to repay debt under the revolving credit facility, as well as to fund cash on the balance sheet.

The issuer is a Malmo, Sweden-based provider of security systems.

The original €300 million notes priced on Nov. 9, 2018.

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