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Prospect News home > News index > List of issuers Tenders > Headlines for 2021 > News item
Published on 4/26/2021 in the Prospect News Liability Management Daily.

NATS plans to redeem £600 million 5.25% bonds due 2026 via new bonds

By Marisa Wong

Los Angeles, April 26 – NATS (En Route) plc gave notice that it plans to refinance its existing £600 million 5.25% guaranteed secured amortizing bonds due 2026 (ISIN: XS0174424902).

The issuer plans to redeem the existing bonds using proceeds from an issuance of £750 million new senior unsecured bonds.

The existing bonds will be redeemed at a make-whole price.

NATS is an air traffic management company based in the United Kingdom.


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