Safari Holding buys €13.13 million 8¼% notes in amortization offer

New York, Feb. 15 – Safari Holding Verwaltungs GmbH bought €13,133,078.57 principal amount of its €235 million of 8¼% senior secured notes due 2021 in the previously announced mandatory amortization offer, according to a notice.

The repurchased notes have been canceled.

Safari announced on Jan. 11 that it was offering to purchase to €23.5 million, or 10%, of the notes.

The issuer is required to offer to repurchase the notes at par plus accrued interest each year, on the date falling 25 business days prior to Feb. 15, according to a company notice.

The minimum denomination required is €100,000 and integral multiples of €1,000 after that.

The offer ended at noon ET on Feb. 8 and settlement took place on Feb. 15.

Deutsche Trustee Co. Ltd. is the trustee, and Deutsche Bank AG, London Branch is the paying agent.

As announced before, the company repurchased €79.6 million of the notes via the required amortization offer on Feb. 15, 2017.

Safari is an arcade operator based in Bingen Am Rhein, Germany.

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