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Twinset aims to redeem €150 million floaters due 2019 in March
By Susanna Moon
Chicago, Feb. 5 – Twinset SPA, formerly Twin Set - Simona Barbieri SpA, issued a conditional redemption notice for its €150 million of senior secured floating-rate notes due 2019.
The notes will be redeemed at par plus any additional amounts and accrued interest up to but excluding the redemption date, which is expected to be March 6, unless the refinancing condition is not met by then, according to a company notice.
The call is conditional on the issuer securing financing with enough proceeds to fund the redemption.
The paying agent is Bank of New York Mellon, London Branch (+44 20 7964 2536).
As reported, Twin Set – Simona priced €150 million of senior secured floating-rate notes due July 15, 2019 at 99 with a coupon of three-month Euribor plus 587.5 basis points on July 15, 2014.
Twinset SpA manufactures and sells luxury apparel, shoes and handbags and is based in Carpi, Italy.
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