Neinor conditionally calls 4˝% senior secured notes due 2026

By Marisa Wong

Los Angeles, April 12 – Neinor Homes, SA issued a notice of conditional redemption for its €300 million 4˝% senior secured notes due 2026 (ISINs: XS2332219612, XS233221970), €142.72 million of which is outstanding.

Neinor Homes will redeem the outstanding notes in full on April 27 for a redemption price of €145,931,200 plus accrued interest of €214,080, according to the notice.

The redemption is conditioned on the utilization of the company’s €140 million facility agreement.

Deutsche Trustee Co. Ltd. is the trustee, and Deutsche Bank AG, London Branch is security agent and paying agent.

The real estate development company is based in Spain.

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