Netherlands’ TMF Group to redeem 9 7/8% notes on Dec. 1

New York, Nov. 7 – TMF Group Holding BV exercised the call option for its €195 million of 9 7/8% senior notes due 2019.

The securities will be repaid on Dec. 1 at 104.9375% of par plus accrued interest up to but excluding the redemption date, according to a notice from the issuer.

TMF Group previously redeem its €450 million of floating-rate senior secured notes due 2018 on Oct. 14 and announced that it intended to call the 9 7/8% notes.

Funding for the refinancing came from a new term loan B and revolving credit facility.

TMF is an Amsterdam-based financial, legal and human resources administrative services provider.

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