IFCO sets redemption price for 10% guaranteed senior notes due 2016

By Toni Weeks

San Diego, June 24 - IFCO Systems NV announced the redemption price for the company's planned June 30 redemption of its 10% guaranteed senior secured notes due 2016.

The applicable premium for the notes has been calculated as €207.37893 per €1,000 of notes, based on the Bund rate published on June 24 of 1.355%. Therefore, the notes will be redeemed at a price of €1,207.37893 per €1,000 of notes.

The company announced on May 31 that it intends to fully redeem its outstanding 10% guaranteed senior secured notes due 2016.

IFCO is an Amsterdam-based logistics provider.

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