CCC Information defers redemption of 10% notes due 2022 until April 19

By Susanna Moon

Chicago, April 13 – CCC Information Services Inc. has again postponed the redemption of its $260 million of 10% senior notes due 2022, this time to April 19 from April 14.

The new redemption date may be delayed up to 60 days from the supplemental notice on Wednesday, the issuer said.

CCC previously pushed back the redemption to April 14 from April 10 because the acquisition of Cypress Merger Sub, Inc. by Jaguar Holdings Inc. would not have closed in time.

The acquisition remains a condition to the redemption.

Holders will receive 102.5% of par plus accrued interest up to but excluding the redemption date.

CCC is a Chicago-based provider of software and workflow tools to the insurance automotive claims and collision repair industries.

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