By Kyle Morris

 

Amigo Holdings PLC on Tuesday confirmed the early redemption of 184.1 million pounds ($248.2 million) of its 7.625% senior secured notes due in 2024.

The U.K. provider of guarantor loans said the early redemption will take place on Jan. 15. The early redemption will be at par and expected future interest savings of GBP28.1 million will make up part of the increased cash contribution for the proposed program of arrangement, as announced on Dec. 6, 2021, the company said.

The remaining GBP50 million in senior secured notes are due in January 2024, the company said.

 

Write to Kyle Morris at kyle.morris@dowjones.com

 

(END) Dow Jones Newswires

January 04, 2022 02:53 ET (07:53 GMT)

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