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Published on 9/23/2019 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Verallia to redeem €350 million secured PIK toggle notes due 2022

Chicago, Sept. 23 – Horizon Parent Holdings Sarl, a holding company of Verallia SA, issued a conditional notice of redemption to the holders of its 8¼%/9% senior secured PIK toggle notes due 2022.

The notes will be redeemed Oct. 7 at a redemption price of 102 plus interest, according to a notice on Monday.

The redemption is conditioned upon the settlement of sufficient funding from an initial public offering of Verallia, formerly Horizon Holdings SAS.

Redeemed notes must be presented and surrendered to the paying agent, Deutsche Bank AG, London Branch.

The company is a Paris-based glass packaging manufacturer.


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