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Published on 6/25/2015 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Kloeckner Pentaplast unit calls €74.57 million 11 5/8% notes due 2017

By Toni Weeks

San Luis Obispo, Calif., June 25 – KP Germany Erste GmbH issued a call to redeem the €74,565,000 outstanding amount of its €255 million of 11 5/8% senior secured notes due 2017, according to a notice.

The notes will be redeemed at 105.8125 plus accrued interest on July 16. The record date is July 15.

Per each €100,000 of notes the total redemption price will be €111,657.29, the notice said.

Citibank, NA, London Branch is the paying agent, transfer agent and security agent.

KP Germany Erste is the finance vehicle for Kloeckner Pentaplast, a Montabaur, Germany, supplier of films for pharmaceutical, medical devices, food, electronics, and general packaging.


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