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Affinion to redeem 13¾%/14½% PIK toggle notes, 13½% notes on July 15
By Marisa Wong
Morgantown, W.Va., June 13 – Affinion Group Holdings, Inc. will redeem all of its 13¾%/14½% senior secured PIK toggle notes due 2018 on July 15, according to an 8-K filing with the Securities and Exchange Commission.
The PIK toggle notes will be redeemed at 103.4375 plus accrued interest to but excluding the redemption date.
In addition, wholly owned subsidiary Affinion Investments, LLC plans to redeem all of its outstanding 13½% senior subordinated notes due 2018 on July 15 at 103.375 plus accrued interest to but excluding the redemption date.
Wells Fargo Bank, NA is the trustee for both series of notes.
Affinion is a Stamford, Conn., provider of marketing loyalty products.
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