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Published on 12/22/2010 in the Prospect News Liability Management Daily and Prospect News Private Placement Daily.

SVG Capital prepays £33.3 million senior unsecured notes at par

By Toni Weeks

San Diego, Dec. 22 - SVG Capital plc announced it has completed the prepayment of £33.3 million senior unsecured notes at par value, according to a news release.

Following this purchase, there will be £196.6 million of the senior unsecured notes outstanding.

The prepayment of the notes included the following:

• $15.6 million of series A due 2013

• $2.2 million of series A due 2014

• €7.8 million of series B due 2013

• €11.0 million of series B due 2014

• £2.7 million of series C due 2013

• €3.7 million of series C due 2014

The buybacks settled at the closing exchange rates on Dec. 21, with the exception of the series A notes, which will settle Jan. 7.

London-based SVG is a private equity investor and fund-management business.


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