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Published on 10/7/2019 in the Prospect News Distressed Debt Daily, Prospect News High Yield Daily and Prospect News Liability Management Daily.

Monitchem redeems notes due 2022, floaters and 5¼% notes due 2021

By Marisa Wong

Los Angeles, Oct. 7 – Monitchem Holdco 2 SA will redeem in full its €175 million 6 7/8% senior notes due 2022 on Oct. 7 at 101.719 plus accrued interest, according to a notice.

Monitchem Holdco 3 SA will redeem in full its €175 million senior secured floating-rate notes due 2021 and €235 million 5¼% senior secured fixed-rate notes due 2021 on Oct. 7 at par plus accrued interest, according to a separate notice.

The issuers said the financing condition for each of the redemptions was satisfied as of Sept. 23.

Monitchem 2 and Monitchem 3 are each a holding company for the Sulzbach, Germany-based chemical manufacturing company CABB International GmbH.


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