Arrow calls €335 million floating-rate notes due 2021

New York, March 20 – Arrow Global Finance plc will redeem its €335 million of floating-rate senior secured notes due 2021 on March 30, according to a notice from the issuer.

Holders will receive par plus a make-whole premium plus accrued interest up to but excluding the redemption date.

Completion of the redemption is contingent on the receipt of funds from an offering of new senior secured notes to pay the redemption price.

If the financing condition is not met, the redemption date can be pushed back by up to 10 days.

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

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