Unitymedia issuers to redeem 4% notes, 5% notes, 6.125% notes Sept. 12

By Sarah Lizee

Olympia, Wash., Aug. 27 – Vodafone Group plc announced the upcoming redemptions in full of the €1 billion 4% senior secured notes due 2025 and $550 million 5% senior secured notes due 2025 issued by Unitymedia Hessen GmbH & Co. KG and Unitymedia NRW GmbH and the $900 million 6.125% senior notes due 2025 issued by Unitymedia GmbH.

The redemption date for each series is Sept. 12.

The 4% notes will be redeemed at par plus the euro applicable premium, which is the excess of (a) the present value at redemption of 102 plus all required remaining scheduled interest payments due through Jan. 15, 2020 computed using a discount rate equal to the Bund rate plus 50 basis points over (b) par.

The 5% notes will be redeemed at par plus the dollar applicable premium, which is the excess of (a) the present value at redemption of 102.5 plus all required remaining scheduled interest payments due through Jan. 15, 2020 computed using a discount rate equal to the Treasury rate plus 50 bps over (b) par.

The 6.125% notes will be redeemed at par plus the dollar applicable premium, which is the excess of (a) the present value at redemption of 103.063 plus all required remaining scheduled interest payments due through Jan. 15, 2020 computed using a discount rate equal to the Treasury rate plus 50 bps over (b) par.

Holders will also receive accrued interest and additional amounts, if any, to the redemption date.

Vodafone is a telecommunications company based in London.

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