Linea Group: Holders exercise put on €500,000 3.875% notes due 2018

By Susanna Moon

Chicago, Sept. 13 – Linea Group Holding SpA said holders exercised the put option on €500,000 of its €300 million 3.875% guaranteed notes due Nov. 28, 2018.

The notes were putable by Sept. 12 and will be redeemed on Oct. 12, according to a company notice.

After the redemption, the amount of outstanding notes will be €299.5 million.

The notes are guaranteed by Greenambiente Srl, Linea Ambiente Srl, Linea Gestioni Srl, Linea Piu SpA and Linea Reti e Impianti Srl.

Linea Group Holding operates as a multi-utility company based in Cremona, Italy.

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