Bormioli Pharma OK’d to redeem senior secured floaters due 2024

By Mary-Katherine Stinson

Lexington, Ky., May 10 – Bormioli Pharma SpA reported the conditions have been satisfied clearing the way for the redemption of its €280 million senior secured floating-rate notes due 2024 (ISIN: XS1713858576, XS1713884226), according to a notice.

The company will redeem the notes on May 11 at par plus additional amounts, if any, and accrued interest totaling €3,749,581.77.

The redemption was subject to a refinancing condition. As part of a private exchange, some existing holders had tendered €21,947,000 aggregate principal amount of existing notes for exchange into new notes to be issued on or about May 10.

Law Debenture Trust Corp. plc is the trustee.

Elavon Financial Services DAC, UK Branch is the transfer agent, calculation agent and paying agent. Elavon Financial Services DAC is the registrar, and UniCredit Bank AG, Milan Branch is the security agent.

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

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