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Triple-S to redeem all $24 million of 6.7% notes due 2021 on Jan. 11
By Wendy Van Sickle
Columbus, Ohio, Dec. 30 – Triple-S Management Corp. plans to redeem its about $24 million of outstanding 6.7% senior unsecured notes due January 2021, according to an 8-K filing with the Securities and Exchange Commission.
The notes will be redeemed on Jan. 11 at par plus accrued interest to the redemption date.
The redemption will be funded by some proceeds of a new $35.5 million term loan facility in three tranches from FirstBank Puerto Rico.
The insurance holding company is based in San Juan, Puerto Rico.
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