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Verisure issues conditional redemption notice for 3½% notes
Chicago, Sept. 30 – Verisure Holding AB announced the conditional full redemption of its €500 million 3½% senior secured notes due 2023 (ISINs: XS1908250191, XS1908250787), according to a notice.
The notes will be redeemed on Oct. 12 for a total redemption payment of €506,368,056.
The notes are being redeemed at par plus unpaid interest of €6,368,056, in the aggregate.
The paying agent is Citibank NA, London Branch.
The redemption is conditioned on the satisfaction or waiver of the financing condition, namely the receipt of funds to pay for the redemption.
Verisure is a Versoix, Switzerland-based security company. The company priced €500 million of five-year notes at par to yield 9¼% on Sept. 28. The deal is expected to close on Oct. 12.
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