INOVYN announces issuance of notice for the conditional redemption of all 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 all of its outstanding €240,000,000 6.250% Senior Secured Notes due 2021 (the “Notes”). Under the notice, the redemption of the 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, together with cash on hand, to pay the redemption price for the Notes, including any applicable premium, in full, and to 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.