01.07.11

Ifco Systems: All Garanteed Senior Secured Notes repurchased

Die untenstehende Meldung ist eine Original-Meldung des Unternehmens. Sie ist nicht von der ECOreporter.de-Redaktion bearbeitet. Die presserechtliche Verantwortlichkeit liegt bei dem meldenden Unternehmen.

Amsterdam, the Netherlands, July  Ifco Systems N.V. (the "Company") completed the repurchase of its outstanding 10% Guaranteed Senior Secured Notes due 2016 (ISIN No. XS0430907989/XS0431256568) (the “Notes”) as follows:
On April 20, 2011 the Company notified holders that all conditions precedent had occurred for the Company to repurchase for cash any and all of its outstanding Notes upon the acquisition of a majority of the shares in the Company by Brambles Investment Limited (the "Change of Control Repurchase") in accordance with the terms and conditions of the Notes. On May 23, 2011 the Company acquired tendered Notes of €5,700,000 principal amount on the basis of the Change of Control Repurchase. The Company paid €1,010 for €1,000 Notes plus accrued and unpaid interest.

On June 29, 2011 the Company redeemed for cash €64,300,000 principal amount of the Notes outstanding (being approximately 33.09% of Notes outstanding), with the proceeds of the issue of new equity securities and a sale of equity securities held in treasury by the Company pursuant to the terms and conditions of the Notes. The Company paid €1,100 for €1,000 Notes plus accrued and unpaid interest.

On June 30, 2011 the Company redeemed all of its remaining outstanding Notes of €130,000,000 then outstanding following the aforementioned Change of Control Repurchase and the redemption of a portion of the Notes on June 29, 2011 pursuant to the terms and conditions of the Notes. The Company paid €1,207 for €1,000 Notes plus accrued and unpaid interest.
Therefore, all outstanding Notes of the Company have been repurchased or redeemed and no further Notes of the Company are outstanding.

Contact:
Dr. Michael W. Nimtsch
Ifco SYSTEMS N.V.
Tel: +49 89 744 91 121
Fax: +49 89 744 91 239
Email: Michael.Nimtsch@ifco.de

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