Takko to sell secured notes in fixed-, floating-rate tranches

By Paul A. Harris

Portland, Ore., Oct. 23 – German fashion retailer Takko Group announced in a Monday press release that it plans to sell new senior secured notes due 2023 in tranches of fixed-rate notes and floating-rate notes.

Proceeds from the Rule 144A and Regulation S deal, together with cash on hand, will be used to redeem the existing senior secured notes in full.

The company intends to issue the notes via affiliate Takko Luxembourg 2 SCA.

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