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PureGym’s Pinnacle Bidco redeems two series of notes due 2025
By Marisa Wong
Los Angeles, Oct. 11 – Pinnacle Bidco plc confirmed the redemption of all of its outstanding €490 million 5½% senior secured notes due 2025 (ISINs: XS2251627514, XS2251627944) and £430 million 6 3/8% senior secured notes due 2025 (ISINs: XS1756633126, XS1756636145), according to notices from PureGym Ltd.
The financing condition for the redemptions has been satisfied, the issuer said.
The redemptions were scheduled to occur on Oct. 11.
The redemption price for the euro-denominated 5½% notes is 101.375, and the redemption price for the sterling-denominated 6 3/8% notes is par.
PureGym is a Leeds, U.K.-based health club chain.
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