Hestia Financing Explores Call Option on €475M Notes

Hestia Financing S.à r.l., a Luxembourg-based company, has disclosed the exploration of a potential call option exercise for its €475,000,000 notes, due 31 December 2066. This announcement follows information from Oxalis Holding S.à r.l., which holds over 50% of the junior notes, indicating a possible redemption of the senior notes under the subscription agreement with Citibank Europe PLC as Security Trustee.

Currently, no call option notice has been delivered to Hestia, leaving uncertainty about whether such a notice will be issued before the upcoming interest payment date. This development is significant for stakeholders of the senior notes, initially issued under a December 2021 agreement, as it could affect their holdings.