OCI N : Announces a Conditional Notice of Redemption of all of its Outstanding $650,000,000 6.625% Senior Secured Notes Due 2023
September 08, 2020 at 03:25 pm EDT
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OCI N.V. Announces a Conditional Notice of Redemption of all of its Outstanding $650,000,000 6.625% Senior Secured Notes Due 2023
08 Sep 2020 21:16 CEST
Company Name
OCI
ISN
NL0010558797
Market
Euronext
Symbol
OCI
OCI N.V. (Euronext: OCI) today announced that it has given notice (the 'Notice') to the holders of its $650,000,000 6.625% Senior Secured Notes due 2023 (the 'Notes') of the conditional redemption of all of the aggregate principal amount of the outstanding Notes.
The redemption date is expected to be October 15, 2020 (the 'Redemption Date'). The redemption of the Notes is conditional upon satisfaction of the Condition Precedent (as discussed below).
The redemption price will be 103.3125% of the aggregate principal amount of the Notes outstanding, plus accrued and unpaid interest and Additional Amounts, if any, to, but not including, the Redemption Date.
The redemption of the Notes is conditional upon the receipt by the Issuer of additional funding in an amount sufficient (as determined by the Issuer in its sole and absolute discretion) to fund the necessary redemption amount on the Redemption Date (the 'Condition Precedent').
OCI NV published this content on 08 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 September 2020 19:24:07 UTC
OCI N.V. is a world-leading producer and distributor of nitrogen, methanol and hydrogen products, driving forward the decarbonization of the energy-intensive industries that shape, feed and fuel the world. Through its cleaner products and practical solutions, OCI N.V. is improving the way to work and live by making transport cleaner, products greener and harvests better.
As a game-changing leader in its industry, the group is supporting food and energy security today, and developing cleaner solutions for tomorrow.
OCI N.V. is strategically positioned with unrivalled global capabilities and assets, giving it the infrastructure and network to deliver high-quality products at speed and scale.
OCI N.V. 
