Interoute plans to redeem €350 million notes with term loan proceeds

By Sarah Lizee

Olympia, Wash., Sept. 18 – Interoute Communications Holdings Ltd. announced that its subsidiary, Interoute Finco plc plans to use the proceeds from a new €640 million term loan facility to fund the redemption in full of its existing €350 million senior secured notes due 2020, according to a press release.

The notes will be redeemed on or after Oct. 15.

The company said proceeds will also be used to refinance the company’s existing €275 million term loan facility.

Proceeds will additionally be used for general corporate purposes.

Interoute is a London-based information technology company.

© 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.