Tendam Brands officially calls remaining floaters due 2028

Chicago, March 21 – Spain’s Tendam Brands SAU officially called its remaining €300 million of floating-rate senior secured notes due 2028 (ISINs: XS2537462462, XS2537462389), according to a notice.

Tendam is redeeming the notes at 101 on March 22.

Accrued and unpaid interest totaling €1,778,370 will also be paid for a total redemption consideration of €112,878,370.

Funding is coming from a €90 million syndicated term loan facility, with cash on hand.

Deutsche Bank AG, London Branch is the paying agent.

Tendam is a Madrid-based fashion retailer.

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