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Published on 11/2/2021 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

NewCo GB sets PIK toggle note redemption date for Nov. 2

Chicago, Nov. 2 – NewCo GB SAS set the redemption date as Nov. 2 for its €200 million of 8%/8¾% PIK toggle notes due 2022 (ISINs: XS1736257822, XS1736258556), according to a notice.

Earlier, the company issued a conditional notice of redemption, which was subject to a financing condition.

The financing condition was satisfied on Tuesday.

The notes will be redeemed at 101. The company will pay €227.4 million plus interest of €9.2 million.

Citibank, NA is the paying agent.

Based in Paris, the company sells prepared foods and drinks for on-premise consumption.


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