Columbus International calls $1.25 billion of 7 3/8% notes due 2021

By Susanna Moon

Chicago, Aug. 21 – Columbus International Inc., formerly known as Columbus Cable (Barbados) Ltd., issued a redemption notice for its $1.25 billion of 7 3/8% senior notes due 2021.

The notes will be redeemed on Sept. 18 at par plus the greater of 1% of par and any excess of the present value on the redemption date of 103.688% of par, the redemption price on March 30, 2018, plus all required interest payments through March 30, 2018 excluding accrued interest to the redemption date, discounted to the redemption date at the Treasury rate plus 50 basis points over the outstanding principal amount of the notes to be redeemed plus accrued interest to but excluding the redemption date, according to a notice from the issuer.

The record date will be Sept. 15.

Columbus International is a Barbados-based telecommunications company.

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