Perenti to redeem $230 million of 6½% guaranteed notes on May 7

By Mary-Katherine Stinson

Lexington, Ky., April 17 – Perenti Finance Pty Ltd. issued a notice of conditional partial redemption for its $450 million 6½% guaranteed senior notes due 2025 (Cusips: 71367VAA7, Q7390AAA0).

The notes are guaranteed by parent Perenti Ltd., formerly Perenti Global Ltd.

The company will redeem $230 million of the notes on May 7 at 101.625 plus accrued interest.

Notes must be surrendered to the trustee, Bank of New York Mellon, to be redeemed.

The transaction is subject to conditions precedent, including the completion of a proposed $350 million offering of five-year senior notes.

Perenti planned to hold investor meetings on Tuesday and Wednesday for the new issuance.

The issuer is an Australia-based mining group.

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