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Published on 6/21/2019 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Synlab to redeem €900 million 6¼% notes due 2022 on July 17

By Wendy Van Sickle

Columbus, Ohio, June 21 – Synlab Holding GmbH will redeem its €900 million of 6¼% senior secured notes due 2022 on July 17, according to a regulatory announcement.

The redemption price will be 101.5625 for an expected aggregate redemption amount of €914,062,500.

The issuer will separately pay the interest due on the redemption date, which is also an interest payment date.

The redemption is conditioned on receipt by the issuer of proceeds of a term loan sufficient to fund the redemption.

The paying agent is Elavon Financial Services DAC.

The notes were issued via Synlab Bondco plc.

London-based Synlab Bondco is a debt issuance vehicle for Synlab Holding, an Augsburg, Germany-based provider of laboratory services in Europe for human and veterinary medicine and environmental analysis.


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