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LHMC Finco 2 to partially redeem 7¼%/8% secured PIK toggle notes
By Mary-Katherine Stinson
Lexington, Ky., Jan. 31 – LHMC Finco 2 Sarl said it will redeem €200 million of its €506,127,607 7¼%/8% senior secured PIK toggle notes due 2025 (ISINs: XS2059777594; XS2059778212), according to a notice.
The notes will be redeemed at par plus accrued interest totaling €1,127,777.78 on Feb. 13.
The redemption date is conditioned on LHMC’s receipt of enough funding to carry out the €200 million repurchase. The date may be delayed until any or all the specified conditions are satisfied but the redemption must occur within 60 days.
The record date is Feb. 12.
Deutsche Trustee Co. Ltd. is the trustee and Deutsche Bank AG, London Branch is the principal paying agent.
Grupo Cirsa is a Madrid-based gaming and leisure company.
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