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CeramTec resets contingent call date for €306.7 million of 8¼% notes
By Susanna Moon
Chicago, Feb. 27 – CeramTec Group GmbH rescheduled the redemption date for its €306.7 million of 8¼% senior notes due 2021.
The revised redemption date will be March 8 at a price of 104.125 plus accrued interest up to but excluding the redemption date of €1,616,564.58, according to a company notice on Tuesday.
The company issued another contingent redemption notice on Jan. 19 for the notes after canceling the previous call on Jan. 17.
The issuer had planned to redeem the notes on Feb. 28 at the same price plus accrued interest up to but excluding the redemption date of €913,710.42.
As before, the redemption is conditioned on closing of the acquisition by CTC AcquiCo GmbH of CeramTec from Faenza Luxembourg Sarl on or before the redemption date.
The issuer had planned to redeem the notes on Jan. 18 at 104.125 plus accrued interest up to but excluding the redemption date equal to €10,753,668.75 before the cancellation notice on Jan. 17.
That acquisition was not expected to be completed by the deadline.
CeramTec is a Plochingen, Germany-based producer of high-performance advanced ceramics materials and products.
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