Verisure to repay revolver debt using proceeds from add-on notes

By Sarah Lizee

Olympia, Wash., May 13 – Verisure Holding AB (publ) plans to repay drawings in full under its revolving credit facility using proceeds from a €200 million add-on to its 3½% senior secured notes due May 2023, according to a notice.

Proceeds from the offering will also be used to fund cash on the balance sheet.

The issuer is a Malmo, Sweden-based provider of security systems.

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