Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Sisal Group SpA > News item |
Sisal conditionally calls 2022 floaters, some 2023 fixed-rate notes
By Marisa Wong
Los Angeles, Dec. 11 – Sisal Group SpA issued a notice of conditional redemption for all €325 million of its senior secured floating-rate notes due 2022 and €125 million of its €400 million senior secured fixed-rate notes due 2023.
Sisal plans to redeem the notes on Dec. 21.
The floating-rate notes will be redeemed at par, and the fixed-rate notes will be redeemed at 103.5. The redemption prices will also include accrued interest to but excluding the redemption date.
The redemption is conditioned on Sisal receiving sufficient funds to redeem the notes and on the completion of transactions under the Gallo investment agreement between Sisal Group, Banca 5 SpA, Sisal SpA and Sisal Point SpA.
Deutsche Bank AG, London Branch is the paying agent.
Sisal is a gaming and betting services company based in Milan.
© 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.