EI Towers to redeem €230 million 3.875% notes due 2018 on Dec. 20

By Sarah Lizee

Olympia, Wash., Nov. 27 – EI Towers SpA said it intends to redeem its €230 million 3.875% notes due April 26, 2018 on Dec. 20, according to a notice from the issuer.

The notes will be redeemed at a price equal to the greater of par and the sum of the then current values of the remaining scheduled payments of principal and interest, excluding interest accrued up to but excluding the redemption date, discounted to the redemption date on an annual basis at the reference dealer rate plus 50 basis points plus, in each case, accrued interest to but excluding the redemption date.

EI Towers is a Milan-based tower company operating in the communication infrastructure sector.

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