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 1/22/2020 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Arena to redeem €315 million 2 7/8% notes due 2024 on Feb. 1

By Rebecca Melvin

New York, Jan. 22 – Arena Luxembourg Finance Sarl, a financing arm of Arena Luxembourg Investments Sarl, has elected to redeem the issuer’s remaining €315 million principal amount of 2 7/8% senior secured notes due 2024 (Rule 144A ISIN: XS1577950238; Regulation S ISIN: XS1577948174) on Feb. 1.

Holders of the notes as of Jan. 15 will be paid 100% of the principal amount plus accrued and unpaid interest of €2,289,218.75.

The announcement follows news that the issuer is redeeming €35 million of the outstanding 2 7/8% notes at 103% of the principal amount, plus accrued and unpaid interest of €251,562.50 on Jan. 31.


© 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.