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Prospect News home > News index > List of issuers A > Headlines for AA plc > News item
Published on 11/19/2014 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

AA plans redemption for £175 million 9½/10¼ senior PIK toggle notes

By Tali Rackner

Norfolk, Va., Nov. 19 – AA plc plans to redeem £175 million of its 9½/10¼ senior PIK toggle notes due 2019, according to a filing with the London Stock Exchange.

The notes will be redeemed at 102 plus accrued interest on Dec. 19.

AA provides breakdown cover assistance services for households and businesses in the United Kingdom. It is based in Basingstoke, U.K.


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