25.07.2016, 17:47
INEOS Announces Issuance of A Notice for Conditional Redemption
OREANDA-NEWS. INEOS Group Holdings S.A. (“INEOS”) today announced that it has issued a notice for the conditional redemption (subject to the satisfaction or waiver of the condition described below) of all of its outstanding 6?% Senior Notes due 2018 and 6?% Senior Notes due 2018 (collectively, the “Notes”). Under the notice, the redemption of the Notes occurring is conditional upon the completion of one or more financing transactions by INEOS (in its discretion) resulting in net proceeds available to INEOS in a sufficient quantity to pay the redemption price for the Notes, including any applicable premium, in full and pay all related expenses on or before the redemption date. If redemption occurs, the Notes will be redeemed in full. There can be no assurance that any of the financing transactions or the redemption will be completed.
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