Italmatch Chemicals to redeem €650 million secured notes due 2024

By Mary-Katherine Stinson

Lexington, Ky., Jan. 23 – Italmatch Chemicals SpA issued a conditional notice of redemption on Monday for its €650 million senior secured floating-rate notes due 2024 (ISIN XS1883354976, XS1883354893).

The Rule 144A and Regulation S notes will be redeemed at par on the later of Feb. 2 or the business day following the satisfaction or waiver of the refinancing condition provided it is not more than 60 days from Jan. 23.

Additional amounts, if any, and accrued interest from Dec. 31 will also be paid.

The redemption is conditioned upon the completion of the company’s refinancing that provides sufficient funds to fund the redemption.

U.S. Bank Trustees Ltd. is the trustee.

Elavon Financial Services DAC, UK Branch is the paying agent, transfer agent and calculation agent.

Elavon Financial Services DAC is the registrar and BNP Paribas, Italian Branch is the legal representative (mandatario con rappresentanza), security agent and security representative.

Italmatch is a Genoa, Italy-based chemical company.

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