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International Design Group to redeem floaters due 2025 on Thursday
By Marisa Wong
Los Angeles, May 19 – International Design Group SpA issued a notice of redemption for its €320 million senior secured floating-rate notes due 2025 (ISIN: XS1908258681, XS1908259143), setting May 20 as the redemption date.
The notes will be redeemed at par plus accrued interest from May 17 to but excluding the redemption date.
As previously reported, the redemption will be funded with proceeds from an issuance of new senior secured floating-rate notes due 2026.
The high-end furniture and lighting design company is based in Milan.
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