International Design Group to redeem 6½% secured notes due 2025

By William Gullotti

Buffalo, N.Y., Nov. 6 – International Design Group SpA issued a notice of redemption for its €400 million 6½% senior secured notes due 2025 (ISIN: XS1908248963, XS1908257873) on Monday.

The redemption is conditioned upon a refinancing condition, successfully issuing €400 million five-year senior secured notes.

The notes will be redeemed at par plus accrued interest from Nov. 15 to but excluding the redemption date, which will be the later of Nov. 16 and the business day immediately following the date that the refinancing condition has been satisfied or waived.

The high-end furniture and lighting design company is based in Milan.

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