E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 7/17/2017 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Impera Holdings calls Play’s 5 3/8% PIK toggle notes due 2022

New York, July 17 – Impera Holdings SA, formerly known as Play Topco SA, issued a notice of redemption for its €500 million of 5 3/8% senior PIK toggle notes due 2022.

The notes will be repaid at par plus the applicable premium plus accrued interest up to but excluding the redemption date, according to a notice.

The redemption is being carried out in connection with the initial public offering of the common stock of Play Holdings 2 SA.

Impera will redeem the notes one business day after the registration date of the shares. The registration date is typically one business day before listing on the Warsaw Stock Exchange, according to the notice.

The IPO is expected to take place by July 27.

Registration and the receipt of sufficient funds are conditions to the redemption.

Impera said that the redemption will be at least 10 days from the July 13 date of the notice and no more than 60 days.

Play is a Warsaw-based mobile telephone 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.