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Orion Engineered Carbons calls €35.5 million, $35 million of notes
By Tali David
Minneapolis, May 15 - Kinove German Bondco GmbH, now known as Orion Engineered Carbons Bondco GmbH, plans to redeem €35.5 million of its 10% senior secured notes due 2018 and $35 million of its 9 5/8% senior secured notes due 2018, according to a filing with the London Stock Exchange.
The notes will be redeemed at 103 plus accrued interest on June 15.
For the euro notes, the total redemption price as of the redemption date, including interest as normally due on that day, is €108,000 for each €100,000 of notes.
For the dollar-denominated notes, the total redemption price as of the redemption date, including interest as normally due on that day, is $215,625 for each $200,000 of notes.
Following the transactions, €319.5 million of the euro notes and $315 million of the dollar notes will remain outstanding.
Deutsche Trustee Co. Ltd. is the trustee.
Orion Engineered Carbons GmbH makes carbon black pigments and rubber blacks and is based in Hanau-Wolfgang, Germany.
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