Keystone Financing PLC announced the conditional redemption of its 2019 senior secured notes
Keystone Financing PLC (the “Company”) today announced that it has issued notice of conditional redemption (the “Redemption”) with respect to the outstanding aggregate principal amount of the 9.500% Senior Secured Notes due 2019 (the “Notes”), issued pursuant to the indenture dated as of October 3, 2014.
The Redemption of the Notes is conditioned upon the receipt by the Issuer on or prior to the Redemption Date of funds from refinancing transactions in an aggregate amount sufficient to redeem the Notes (the “Condition”).
The redemption date for the Redemption will be, subject to the satisfaction or waiver of the Condition, the later of (i) December 11, 2018 and (ii) in case the Condition has not been satisfied or waived by December 11, 2018, the Business Day immediately following the satisfaction or waiver of the Condition, provided that such date shall be not more than 60 days from the date hereof (the “Redemption Date”).
Accordingly, none of the Notes will be deemed due and payable on the Redemption Date unless and until the Condition has been satisfied or waived by the Company. There is no assurance that the Condition will be satisfied or that the Redemption will occur. If the Condition has not been satisfied or waived by no later than 12:00 noon London time on the Redemption Date, the Company will notify the Holders of the Notes (with a copy to the Trustee).
This announcement is neither an offer to purchase nor a solicitation of an offer to sell securities.
This press release may include forward-looking statements. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believes,” ‟estimates,” ‟anticipates,” “expects,” ‟intends,” ‟may,” ‟will” or “should” or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts and include statements regarding the Company’s or its affiliates’ intentions, beliefs or current expectations concerning, among other things, the Company’s or its affiliates’ results of operations, financial condition, liquidity, prospects, growth, strategies and the industries in which they operate. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Readers are cautioned that forward-looking statements are not guarantees of future performance and that the Company‘s or its affiliates’ actual results of operations, financial condition and liquidity, and the development of the industries in which they operate may differ materially from those made in or suggested by the forward-looking statements contained in this press release. In addition, even if the Company’s or its affiliates’ results of operations, financial condition and liquidity, and the development of the industries in which they operate are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in subsequent periods.