Leonardo unit to fully redeem notes due 2039, 2040 in December

By Mary-Katherine Stinson

Lexington, Ky., Nov. 4 – Leonardo SpA announced that its subsidiary Leonardo US Holding, LLC will fully redeem its 7 3/8% notes due 2039 and its 6¼% notes due 2040 on Dec. 15, according to a notice Friday.

There are $123,626,000 outstanding of the 2039 notes and $181,457,000 outstanding of the 2040 notes.

The notes will be redeemed with a make whole premium of Treasuries plus 50 basis points in the case of the 2039 notes and Treasuries plus 35 bps in the case of the 2040 notes.

The notice stated the company would release the redemption price prior to the redemption date.

Accrued interest to the redemption date will also be paid on both series of notes.

Bank of New York Mellon is the trustee.

The Wilmington, Del.-based Leonardo US Holding is a directly and indirectly fully owned subsidiary of Leonardo SpA, formerly Leonardo-Finmeccanica, a Rome-based aerospace, defense and security company.

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