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DKT Finance to redeem two series of senior notes due 2023
By Mary-Katherine Stinson
Lexington, Ky., Jan. 20 – DKT Finance ApS, a finance vehicle 100% owned by DKT Holdings ApS, issued a conditional notice of redemption for its €1.05 billion 7% senior notes due 2023 (ISIN: XS1841969139, XS1841967356) and $410 million 9 3/8% senior notes due 2023 (ISIN: US255882AA01, USK22628AA73), according to a notice.
The €1,049,730,000 outstanding euro notes will be redeemed at par plus accrued interest of €10,818,050.83. The redemption is expected to total €1,060,548,050.83.
The $409.8 million outstanding dollar notes will be redeemed at par plus accrued interest of $5,656,093.75. The redemption is expected to total $415,456,093.75.
The redemption of each series of Rule 144A and Regulation S euro notes and dollar notes is expected to occur on Feb. 10.
It is conditioned on the issuer receiving enough funds for the redemption prior to the redemption date.
Deutsche Trustee Co. Ltd. is the trustee.
Deutsche Bank AG, London Branch is the security agent and principal paying agent.
Deutsche Bank Trust Co. Americas is the U.S. paying agent.
DKT owns 100% of Danish telecom operator TDC A/S.
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