INOVYN announces issuance of a notice for the conditional redemption of €30,000,000 of its outstanding 6.250% Senior Secured Notes due 2021
INOVYN Finance plc (“INOVYN”) today announced that it has issued a notice for the conditional redemption (subject to the satisfaction or waiver of the condition described below) of €30,000,000 of its outstanding 6.250% Senior Secured Notes due 2021 (the “Specified Notes”). INOVYN also intends to give a second conditional notice for the redemption on a date on or after May 13, 2017 of an additional €30,000,000 aggregate principal amount of its outstanding 6.250% Senior Secured Notes (the “Incremental Notes Redemption”). Under the notice, the redemption of the Specified Notes is conditional upon the completion of one or more financing transactions by INOVYN resulting in net proceeds available to INOVYN in a sufficient quantity to pay the redemption price for the Specified Notes, including any applicable premium, in full, and the redemption price in respect of the Incremental Notes Redemption, including applicable premium, in full, and to pay all related expenses on or before the redemption date. There can be no assurance that any of the financing transactions or the redemption of any of the 6.250% Senior Secured Notes due 2021 will be completed.