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Alliance Automotive to redeem 6¼%, floating-rate notes due 2021
By Sarah Lizee
Olympia, Wash., Oct. 20 – Alliance Automotive Finance plc gave notice that it will redeem all €540 million of its 6¼% senior secured notes due 2021 and all €100 million of its floating-rate notes due 2021 on Nov. 2, according to a notice.
The 6¼% notes will be redeemed at par plus a make-whole premium and accrued interest totaling €14,156,250 to the redemption date.
The floating-rate notes will be redeemed at par plus accrued interest to the redemption date for a total payment of €1,119,444.44.
The redemption is conditioned on the closing of the acquisition of the company by GPC Europe Acquisition Co. Ltd.
Alliance Automotive is a London-based distributor of vehicle parts, tools and workshop equipment.
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