Rexel to redeem $170 million of 5¼% senior notes due 2019

New York, Sept. 19 – Rexel SA said it will redeem $170 million principal amount of its 5¼% senior notes due 2019.

The redemption is for 34% of the amount outstanding.

Holders will receive a new note equal to the unredeemed portion of their note on cancellation of the redeemed debt.

Rexel will pay a redemption price of 103.938% of the principal amount plus accrued interest to the redemption date, which will be Nov. 2.

Rexel is a Paris-based provider of electrical services and equipment.

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