Quadient exercises early par call on €163.2 million bonds due 2021

By Taylor Fox

New York, Feb. 8 – Quadient exercised the residual maturity par call for its bond due June 23, 2021 (ISIN: FR0011993120) for a total amount of €163.2 million, according to a news release.

The redemption will occur on March 23 and will result in savings of around €1 million in financial expenses.

The refinancing will be funded using proceeds from Quadient’s issuance of a new €325 million 2.25% bond due 2025 completed on Jan. 23.

Paris-based Quadient is a manufacturer of postage meters and mailroom equipment.

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