Verisure plans to redeem €971.5 million of senior notes due 2018

By Wendy Van Sickle

Columbus, Ohio, Oct. 2 – Verisure Holding AB plans to redeem €971.5 million of senior notes in three series, all due 2018, according to three notices.

Verisure plans to redeem its €200 million of series A senior secured floating rate notes on Nov. 2 at a price of 101 plus accrued interest; its €500 million of series A 8.75% senior secured notes on Nov. 2 at 104.375 plus accrued interest; and its €271.5 million of series B 8.75% senior secured notes on Dec. 1 at 104.375 plus accrued interest.

The redemptions are in conditioned on the consummation of Hellman & Friedman’s acquisition of controlling interest in Securitas Direct Verisure Group after purchasing the entirety of Bain Capital’s interest in the company.

Based in Malmo, Sweden, Verisure Group is a provider of monitored fire and intrusion alarms, which include response services in the event of an alert.

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