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KraussMaffei calls 8¾% senior secured notes due 2020 for redemption
New York, March 1 – KraussMaffei Group GmbH said it will redeem the €260 million of 8¾% senior secured notes due 2020 issued jointly with Krauss-Maffei Corp.
The notes will be repaid at a price of 106.563 on March 31 plus accrued interest up to but excluding the redemption date.
Completion of the redemption is subject to satisfaction or waiver of the change-of-control condition.
The redemption date may be postponed by up to 60 days to allow for satisfaction or waiver of the condition.
KraussMaffei is an injection molding machine manufacturer and defense company based in Munich.
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