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Outerwall to redeem remaining 6% notes, 5 7/8% notes on Oct. 27
By Marisa Wong
Morgantown, W.Va., Sept. 27 – Outerwall Inc. delivered notices of redemption to holders of the remaining 6% senior notes due 2019 and 5 7/8% senior notes due 2021 not purchased in its previously announced tender offer.
The company will redeem the outstanding notes on Oct. 27.
Holders had tendered $246,578,000 of the 6% notes due 2019 and $225,618,000 of the 5 7/8% notes due 2021 under the offer for Outerwall’s $320,614,000 outstanding 6% notes and $228,598,000 outstanding 5 7/8% notes that expired at midnight ET on Sept. 22.
As of Sept. 27, $74,036,000 of 6% notes and $2.98 million of 5 7/8% notes remain outstanding.
The tender offers were conducted in connection with the acquisition of Outerwall by Apollo Global Management, LLC, which closed on Tuesday.
Outerwall is a Bellevue, Wash.-based provider of retail products and services via self-service interactive kiosks.
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