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Safari begins required amortization offer for 10% of 8¼% notes due 2021
By Susanna Moon
Chicago, Jan. 12 – Safari Holding Verwaltungs GmbH said it said it began a mandatory amortization offer to purchase for cash up to 10% of the outstanding 8¼% senior secured notes due 2021.
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 press release.
The mandatory amortization amount will be €23.5 million, or 10%, of the initially issued principal amount of €235 million.
The offer will end at noon ET on Feb. 9.
The minimum denomination required is €100,000 and integral multiples of €1,000 after that.
Deutsche Trustee Co. Ltd. is the trustee, and Deutsche Bank AG, London Branch is the paying agent.
Safari is an arcade operator based in Bingen Am Rhein, Germany.
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