Verisure to repay revolver via add-on, redeem notes via bank draw

By Susanna Moon

Chicago, Nov. 5 – Verisure Holding AB said it plans to repay outstanding amounts under the company’s revolving credit facility using proceeds of an add-on issue.

The company also issued a conditional redemption notice for its €630 million of 6% senior secured notes due 2022 via proceeds of €1,012,000,000 principal amount of senior secured debt consisting of senior secured notes and incremental drawings under its senior credit facilities, according to a notice.

Verisure Midholding AB (publ) plans to price €100 million principal amount of senior notes due 2023 as additional notes under the company’s €1,145,000,000 equivalent senior notes due 2023, according to a separate announcement.

Verisure is a Malmo, Sweden-based provider of professionally monitored alarms and connected services.

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