Lock eyes conditional partial redemption of €73 million notes due 2021

By Wendy Van Sickle

Columbus, Ohio, May 26 – Lock AS is planning a conditional partial redemption of 10% of its €730 million of senior secured notes due 2021, according to a notice.

Subject to a financing condition, the company plans to redeem the notes at 103% of par plus accrued interest plus any additional amounts. The redemption date is set for June 28 or one business day after the waiver of the financing condition, if it has not been approved by June 28.

Assuming a redemption date of June 28, the accrued interest would total €1,887,861.11.

Deutsche Bank AG, London Branch is the paying agent.

The issuer is based in Oslo.

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