Drax Group calls $500 million 6 5/8% senior secured notes due 2025

By Marisa Wong

Los Angeles, April 19 – Drax Group plc announced that indirect wholly owned subsidiary Drax Finco plc will redeem all of its outstanding $500 million of 6 5/8% senior secured fixed-rate notes due 2025 (Cusip: US26151AAA79, USG28296AE42), according to a notice.

The notes will be redeemed on May 2 at par plus additional amounts, if any, and accrued interest from May 1 to but excluding the redemption date.

Bank of New York Mellon, London Branch, is paying agent and calculation agent. Bank of New York Mellon SA/NV, Luxembourg Branch, is registrar and transfer agent. Deutsche Bank AG, London Branch, is security agent.

Drax is a power generation company based in Selby, England.

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