PRFoods pushes back repurchase of €1.42 million secured notes

By Wendy Van Sickle

Columbus, Ohio, Nov. 30 – PRFoods AS announced a change in the schedule of its previously announced buyback of €1,423,500 nominal value, or about 13%, of its secured notes due Jan. 22, 2025 (ISIN: EE3300001577), according to a notice.

The company said the repurchase of the notes will now settle no later than Dec. 20, pushed back from Nov. 30 over what the issuer called “technical obstacles” that are independent of the issuer.

The notes will be purchased par, plus accrued interest.

The buyback is the result of an offer that had €1,638,200 nominal amount, or 14.9%, submitted, as previously reported.

However, settlement was previously pushed back from Nov. 13.

The buyback submission period had ended on Nov. 7.

PRFoods is a food production company based in Tallinn, Estonia.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.