Arrow Global confirms, prices €760 million, £320 million redemptions

By William Gullotti

Buffalo, N.Y., Nov. 8 – Arrow Global Finance plc reported that the conditional requirements to redeem the entire principal amount of three series of notes were satisfied and released redemption values, according to notices on Monday.

The notes, with redemption notices issued Oct. 28, will be redeemed as follows:

• £320 million of 5 1/8% senior secured notes due 2024 (ISINs: XS1486544098 and XS1486544254) will be redeemed at par plus £7.55 of accrued and unpaid interest per note;

• €400 million of senior secured floating-rate notes due 2025 (ISINs: XS1533914831 and XS1533918824) will be redeemed at par plus €3.03 of accrued and unpaid interest per note; and

• €360 million of senior secured floating-rate notes due 2026 (ISINs: XS1713473434 and XS1713473350) will be redeemed at par plus €7.08 of accrued and unpaid interest per note.

The Nov. 8 redemption is now irrevocable.

The company is a Manchester, England-based purchaser of consumer debt and provider of receivables management solutions.

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