MedservRegis plc - Early Redemption & Issue of Bonds
On 26 July 2022, MedservRegis plc announced that it intends to do an early redemption payment of €7 million to the holders of the existing €20 million 6.00% secured and guaranteed notes 2020/2023 on or around the 30 September 2022. An early redemption notice to this effect will be issued in due course. Thereafter in Q4 2022, MedservRegis intends to submit an application for the admissibility to listing of a new €13 million secured bond. As a result, MedservRegis intends to redeem the remaining outstanding amount of €13 million of the 6.00% secured and guaranteed notes 2020/2023 from the proceeds of the new bond.
MedservRegis noted that these developments will form part of its re-financing objectives in response to its improved financial position and performance.