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Axalta to redeem 4 7/8% notes due 2024, 4¼% notes due 2024
By Taylor Fox
New York, Nov. 9 – Axalta Coating Systems Ltd. plans to redeem in full its $500 million 4 7/8% senior notes due 2024 and €335 million 4¼% senior notes due 2024, according to a news release.
The redemption and all related transaction costs and expenses will be funded using proceeds from its $600 million senior note offering and cash on hand.
Axalta is a Philadelphia-based coatings company for light and commercial vehicles, industrial and refinish applications.
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