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CeramTec again issues contingent call for €306.7 million 8¼% notes
By Susanna Moon
Chicago, Jan. 19 – CeramTec Group GmbH has again issued a contingent redemption notice for its €306.7 million of 8¼% senior notes due 2021 after canceling its previous call on Wednesday.
The notes will be redeemed on Feb. 28 at a price of 104.125 plus accrued interest up to but excluding the redemption date of €913,710.42.
The redemption is again conditioned on closing of the acquisition by CTC AcquiCo GmbH of CeramTec from Faenza Luxembourg Sarl on or before the redemption date, according to a notice.
The issuer had planned to redeem the notes on Jan. 18 at 104.125 plus accrued interest up to but excluding the redemption date equal to €10,753,668.75 before the cancellation notice on Jan. 17.
That acquisition was not expected to be completed by the deadline.
CeramTec is a Plochingen, Germany-based producer of high-performance advanced ceramics materials and products.
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