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Published on 6/8/2021 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Otto to early redeem €45 million floating-rate notes due 2021

By Marisa Wong

Los Angeles, June 8 – Otto GmbH & Co. KG issued a notice of early redemption for its €45 million floating-rate notes due Nov. 5, 2021 (ISIN: XS1123401579).

The notes will be redeemed in full on Aug. 5 at par plus accrued interest.

The series 4 notes were originally issued under the company’s €2 billion debt issuance program.

The mail order and e-commerce company is based in Hamburg, Germany.


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