Interoute calls floating-rate notes for redemption at 101% of par

By Angela McDaniels

Tacoma, Wash., Nov. 4 – Interoute Finco plc plans to redeem its €240 million of floating-rate senior secured notes due 2020 on Nov. 15, according to a notice of redemption.

The redemption is conditioned on the issuer entering into a new term loan.

The redemption price is 101% of par plus accrued interest, or a total of €243,566,666.66 for all the notes.

Following the redemption, the notes will be canceled.

The issuer is a subsidiary of Interoute Communications Holdings SA, a London-based information technology company.

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