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USG People announces the redemption of its subordinated convertible bond

USG People announces the redemption of its subordinated convertible bond

USG People N.V. announces the redemption of its subordinated convertible bond of &euro 115 million.

On 18 October 2012, USG People has redeemed its subordinated convertible bond of &euro 115 million which matured today. As anticipated, the subordinated convertible bond is refinanced through the existing syndicated credit facility, which amounts &euro 700 million in total and which was concluded on 4 July 2011 for a 5 years period. Subsequently, the subordinated convertible bond has been cancelled and no underlying ordinary shares will be issued.

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