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ISS to repurchase all €256.3 million of its 8 7/8% notes due 2016
By Tali Rackner
Norfolk, Va., April 3 - ISS A/S plans to redeem all €256.3 million of its 8 7/8% senior subordinated notes due 2016, according to a press release.
The notes will be redeemed at par plus accrued interest on May 15.
The redemption, which follows the company's successful IPO, will save ISS roughly Kr 170 million in interest expenses on an annual basis, the release said.
ISS is a Denmark-based facility services company.
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