Bormioli Pharma conditionally calls senior secured floaters due 2024

By Marisa Wong

Los Angeles, April 24 – Bormioli Pharma SpA issued a conditional notice of redemption for its €280 million senior secured floating-rate notes due 2024 (ISIN: XS1713858576, XS1713884226).

The company plans to redeem the notes on May 10 at par plus additional amounts, if any, and accrued interest.

The redemption is subject to a refinancing condition. The issuer is planning some refinancing transactions, proceeds of which will be used to fund the redemption.

Bormioli Pharma is a Parma, Italy-based plastic and glass packaging provider for the pharmaceutical end market.

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