BRÈVE

sur Douglas AG (isin : DE000BEAU7Y1)

Douglas AG Completes Transaction Conditions for Note Redemption

Düsseldorf-based Douglas AG reported on April 15, 2024, the fulfillment of all transaction conditions relating to the redemption of two series of notes, satisfying the prerequisites outlined in their April 5 redemption notices. The company announced the redemption conditions for its 6.000% Senior Secured Notes due 2026 (issued by Douglas Service GmbH) and 8.250% Cash Interest/9.000% PIK Interest Senior PIK Notes due 2026 (issued by Kirk Beauty SUN GmbH). These security notes were set to mature in 2026.

The successful completion of Douglas AG's capital stock initial public offering on March 25, 2024, followed by the drawing of funds under a substantial EUR 1,600 million term and revolving facilities agreement enabled the company to proceed with the previously detailed redemption of the notes. This move marks a strategic progression in Douglas AG's financial operations, as the company continues to strengthen its financial base and reorganize its capital structure ahead of the notes’ maturity.

R. H.

Copyright © 2024 FinanzWire, tous droits de reproduction et de représentation réservés.
Clause de non responsabilité : bien que puisées aux meilleures sources, les informations et analyses diffusées par FinanzWire sont fournies à titre indicatif et ne constituent en aucune manière une incitation à prendre position sur les marchés financiers.

Cliquez ici pour consulter le communiqué de presse ayant servi de base à la rédaction de cette brève

Voir toutes les actualités de Douglas AG