TFC tfs corporation limited
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News: TFC TFS Corp says co to issue senior secured notes

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    21/07/16
    08:36
    Post #: 18323353

    July 21 (Reuters) - TFS Corporation Ltd (TFC) :

    • TFS to issue US$250 million of new senior secured notes (TFC)
    • New notes mature in August 2023, with a non-call period of 3 years
    • Issuance extends the maturity and significantly reduces the cost of tfs's debt
    • Proceeds will primarily be used to redeem tfs's existing notes of US$200M
    • New notes will bear interest at a rate of 8.75% per annum.
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