Wind Tre to redeem floating-rate, 2 5/8%, 3 1/8%, 5% notes on Aug. 20

By Sarah Lizee

Olympia, Wash., Aug. 7 – Wind Tre SpA issued notices of redemption for its €2.25 billion senior secured floating-rate notes due 2024, €1,625,000,000 2 5/8% senior secured notes due 2023, €1.75 billion 3 1/8 senior secured notes due 2025 and $2 billion 5% senior secured notes due 2026.

The notes will be redeemed on Aug. 20. The record date is Aug. 14.

The redemption price for the 2024 notes is par plus accrued interest to the redemption date.

The redemption price for the 2023 and 2025 notes is par plus the applicable 2023 fixed-rate euro note premium and accrued interest to the redemption date.

The redemption price for the 2026 notes is par plus the applicable dollar note premium and accrued interest to the redemption date.

Wind Tre notified holders of the 2025 and 2026 notes that 10% of each series are subject to a redemption at a price of 103 plus accrued interest and additional amounts, if any, to the redemption date. That redemption will occur immediately before the Aug. 20 redemption specified above.

Also, Wind Tre delivered a prepayment and cancellation notice in relation to its senior term loan and revolving credit facility.

The prepayment is also expected to occur on Aug. 20.

Wind Tre is an Italian telecommunications company.

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