Verallia to redeem €500 million 5 1/8% senior secured notes due 2022

By Sarah Lizee

Olympia, Wash., July 5 – Verallia Packaging SAS will redeem its €500 million of 5 1/8% senior secured notes due 2022, according to a notice.

The notes will be redeemed on Aug. 1 at 102.563 plus accrued interest to but excluding the redemption date for a total redemption price of €525,627,500.

The notes are being redeemed in connection with, and is conditioned upon, Verallia receiving proceeds from €550 million of new term loan facilities.

Verallia is a Paris-based glass packaging manufacturer for food and beverage.

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