Iridal to redeem all series 1 fixed-rate secured notes due 2035

By Tali David

Minneapolis, Aug. 6 - Iridal plc plans to redeem all of its series 1 fixed-rate secured notes due 2035 following a July 26 consent solicitation, according to a filing with the London Stock Exchange.

Noteholders were invited to consent to the passing of an extraordinary resolution by way of a resolution in writing to effect certain amendments to the terms and conditions of the notes to provide for their early redemption.

On Aug. 2, the Iridal announced that, following the consent request, the written resolution had been passed and the fourth supplemental deed had been executed in order to give effect to and implement the modifications.

The notes will be redeemed at 100.938 on Aug. 9.

Iridal is based in the United Kingdom.

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