LBC Tank to redeem $350 million 6 7/8% senior notes due 2023

By Mary-Katherine Stinson

Lexington, Ky., Sept. 23 – LBC Tank Terminals Holding Netherlands BV has announced a conditional full redemption of all $350 million outstanding 6 7/8% senior notes (ISIN: US50177WAA99, USN51668AA44) due 2023 on Oct. 28, according to a company release.

The redemption price of the Rule 144A and Regulation S notes is par plus accrued interest from and including May 15 to (but not including) the redemption date.

The total redemption amount is $360,894,965.28 which includes the outstanding principal amount plus $10,894,965.28 in interest.

The paying agent is Deutsche Bank Trust Co. Americas.

The redemption is conditional upon the necessary funds having been received by and made available to the issuer to redeem the notes in full and pay expenses.

Unless the company defaults, all interest and additional amounts on the notes called for redemption will cease to accrue on the redemption date.

LBC Tank Terminals is a Mechelen, Belgium-based company and one of the largest independent operators of bulk liquid storage terminals and the second largest independent chemical storage company in terms of global storage capacity.

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