Veritas Petroleum calls 7% senior secured bonds due 2019 at 101.5

By Susanna Moon

Chicago, Oct. 15 – Veritas Petroleum Services BV said it exercised the call option for its 7% senior secured callable bonds due 2019 on Monday.

The redemption price is 101.5 plus accrued interest until Nov. 28. The record date is Nov. 8, and the settlement date is Nov. 13.

Holders must be notified of the call at least 30 days before the call settlement date, and as a result, the coupon will be increased to 9½% for technical reasons, according to a press release.

The notes were issued April 1, 2014.

The fuel testing and inspection services company is based in Barendrecht, the Netherlands.

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