Hormann calls 4½% bonds due 2024 for 100.23 purchase price

Chicago, Aug. 28 – Hormann Industries GmbH called its €50 million of 4½% bonds due 2024 (ISIN: NO0010851728), according to a notice.

The bonds were issued in June 2019.

The company is funding the redemption through the sale/exchange of €50 million of new 7% bonds due 2028, which settled July 11.

Hormann is repurchasing the notes at 100.23 and interest to the Sept. 14 redemption date.

Based in Kirchseeon, Germany, Hormann produces metal components, modules and systems for commercial vehicles.

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