Time and Life repurchases €1.79 million term notes, extends maturity

By William Gullotti

Buffalo, N.Y., Dec. 15 – Luxembourg’s Time and Life SA repurchased €1,794,974 of its €14,092,214.90 outstanding series 2014-11 term notes due Dec. 15 (ISIN: XS1135962287) with recapitalized interest, according to a notice on Friday.

Following the buyback and cancellation transactions, which pushed the maturity date of the series to Dec. 12, 2026, the nominal remaining amount is €13,419,363.

The series is listed on the Euronext Dublin.

Time and Life is a holding company based in Luxembourg.

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