| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for Tenders > News item |
Manchester United to redeem 8¾%, 8 3/8% notes at 108.75, 108.375
By Marisa Wong
Madison, Wis., May 23 - Manchester United plc's subsidiary, MU Finance plc, plans to redeem all £177,775,000 of its outstanding 8¾% senior secured notes due 2017 and a portion, totaling $22.09 million, of its 8 3/8% senior secured notes due 2017 on June 24, according to a notice.
The 8¾% sterling notes will be redeemed at 108.75 and the 8 3/8% notes at 108.375, along with accrued interest to the redemption date.
The company issued a redemption notice for the bonds on Thursday.
Funding for the redemption will come from a committed new facility provided by Bank of America, NA.
Bank of New York Mellon is the paying agent.
Manchester United, England's professional soccer franchise, is based in Manchester, England.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.