COLT completes early redemption of 7.625% Senior Notes due 2008 (The “Notes”)
The early redemption of these Notes is expected to save approximately EUR 9.7 million of net interest between the redemption date and the normal maturity date of the Notes of 15 December 2009.
Commenting on the redemption, Tony Bates, Chief Operating Officer and Acting Group CFO, said: “By redeeming these Notes early the Board has signalled its confidence in the financial strength of COLT. As a result of this redemption, COLT is debt free with the financial flexibility to progress further with its strategy.”
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