ELLAKTOR issues notice of conditional redemption of senior notes due 2024
ELLAKTOR issues notice of conditional redemption of senior notes due 2024

ELLAKTOR issues notice of conditional redemption of senior notes due 2024

The transaction completes the procedure for the redemption two years earlier.
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RE+D magazine
25.11.2022

ELLAKTOR SOCIETE ANONYME with the trading name "ELLAKTOR S.A." in accordance with Regulations (EU) 596/2014 of the European Parliament & the Athens Stock Exchange, announces to investors that, the Board of Directors of the Company, during its meeting, held on November 24th 2022, decided to proceed with a conditional redemption towards the Bondholders of the Senior Secured Notes due 2024 (“Notes”) by its subsidiary ELLAKTOR VALUE PLC.

More precisely, ELLAKTOR VALUE PLC, Issuer of the Senior Secured Notes intends to purchase the remaining of the Notes, of €172,843,000 nominal value, due in 2024, at a price of 101.594%. The redemption is expected to be completed on December 15th 2022. 

The transaction completes the procedure for the redemption of all of the 6⅜% Senior Notes due 2024 of €670 million (issued in 2019), two years earlier than its initial maturity date. 

Read the official press release.