EssilorLuxottica says holders OK transfer of Luxottica’s 2.625% notes

By Wendy Van Sickle

Columbus, Ohio, Nov. 26 – EssilorLuxottica SA and Luxottica Group SpA announced the success of a consent solicitation relating to Luxottica’s €500 million 2.625% notes due Feb. 10, 2024.

Noteholders approved the changes sought under the consent solicitation at a meeting on Tuesday in Milan, according to a news release.

The consent solicitation was launched on Oct. 24 at which time the companies said that EssilorLuxottica should concentrate the treasury management of the group at its level, so they were seeking consents to transfer the notes to EssilorLuxottica from Luxottica.

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

EssilorLuxottica is a French-based international ophthalmic optics company.

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