Press Metal to fully redeem outstanding 4.8% senior notes due 2022

By Taylor Fox

New York, Oct. 27 – Press Metal (Labuan) Ltd. plans to redeem in full all of its outstanding 4.8% senior notes due 2022 (ISIN: XS1704655635) on Nov. 27, according to a company announcement.

The notes will be redeemed at a price of 102.4, plus interest.

There are $221,187,000 of the notes outstanding.

All the redeemed notes will be canceled.

The notes are guaranteed by Press Metal Aluminium Holdings Bhd and certain of its subsidiaries.

The Bank of New York Mellon is the trustee.

Press Metal manufactures and markets aluminum products. The company is based in Shah Alam, Malaysia.

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