Indigo Group accepts all €58.6 million tendered of 2.125% bonds

Chicago, Oct. 17 – Indigo Group SA announced that it will be accepting all €58.6 million of the tendered notes from its issue of €528.5 million of outstanding 2.125% bonds due April 16, 2025 (ISIN: FR0012236669), according to a press release.

The tender offer price was 97.401.

The offer was capped at €100 million principal amount.

The original issue size was €650 million. After settlement, there will be €469.9 million of the bonds remaining.

Settlement of a new offering of bonds is scheduled for Oct. 18. Settlement of the tender offer, planned for Oct. 19, is conditional on the settlement of the new bonds.

The tender offer started on Oct. 9 and ended at 11 a.m. ET on Oct. 16.

BNP Paribas, Credit Agricole CIB and J.P. Morgan SE were the dealer managers for the tender offer.

The company conducted the tender offer to proactively manage its debt portfolio and optimize its maturities’ repayment profile.

Indigo Group is a France-based provider of car parking and urban mobility services. The company was previously named Infra Foch SAS.

© 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.