Catena Media is to make a voluntary partial prepayment of up to €250m senior callable floating rate bonds with a total outstanding nominal amount of €100.500m.
This prepayment is governed by terms and conditions originally dated March 2, 2018, and amended and restated on June 29, 2020. Pursuant to the terms and conditions, Catena Media may elect to prepay an amount of up to €4,000 per bond on each interest payment date. The voluntary partial prepayment will be made on December 2, 2020, to those holding bonds on the applicable record date, November 25.
The voluntary partial prepayment will be made in relation to all outstanding bonds, by way of reducing the nominal amount of each bond pro rata with an amount of €4,000 per bond, in aggregate €6m.
Following the voluntary partial prepayment, the nominal amount of each bond will be €63,000 and the total outstanding nominal amount will be €94.5m. The prepayment per bond shall be made at the applicable call option price, together with accrued but unpaid interest on the prepaid amount. The total amount to repay (excluding accrued but unpaid interest) is €6,082,500.
