iQera settles partial redemption for two notes due 2024

Chicago, June 5 – iQera Group SAS announced it was settling its partial redemptions for its 6½% senior secured notes due 2024 (ISINs: XS2239815850, XS2239815777) and senior secured floating-rate notes due 2024 (ISINs: XS1885543857, XS1885543691), according to multiple notices.

The group announced it would partially redeem €7.4 million of its €44,258,000 6½% notes on June 5 at 101.625 plus accrued interest from Jan. 3 to the redemption date, which totals €203,088.89.

The group also said it would redeem in full its outstanding €22,117,142.84 floating-rate notes with an applicable pool factor of 57.1429% on June 5. The redemption was set at par, totaling €22,457,341.36, which comprised the outstanding principal plus €340,198.52 of accrued interest from March 31 to the redemption date.

June 2 was the record date.

The redemption was conditioned on the issuer receiving sufficient funds to carry out the redemption on or before the redemption date.

After the redemption, €36,858,000 of the 6½% notes remain outstanding. None of the floating-rate notes remain outstanding.

Elavon Financial Services DAC is the paying agent.

iQera is a Paris-based debt collector.

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