EssilorLuxottica seeks transfer of Luxottica’s 2.625% notes due 2024

By Sarah Lizee

Olympia, Wash., Oct. 24 – EssilorLuxottica SA and Luxottica Group SpA launched a consent solicitation relating to Luxottica’s €500 million 2.625% notes due Feb. 10, 2024, according to a press release.

The companies said that EssilorLuxottica should concentrate the treasury management of the group at its level, so they are seeking consents to transfer the notes to EssilorLuxottica from Luxottica.

The companies are also seeking the release of the guarantors under the notes, as well as some modifications to the conditions of the notes.

A meeting for noteholders is set for Nov. 26 in Milan.

EssilorLuxottica is a French-based international ophthalmic optics company.

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