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LONDON - Olympus Water US Holding Corporation has undertaken stabilisation activities for its recently issued €830 million senior secured notes, according to a mid-stabilisation notice issued Friday by Merrill Lynch International.
The 6.125% Senior Secured Notes due 2033 saw stabilisation trading activity at a price of 99.800 for a volume of €1 million. The transaction occurred at 08:13 BST on Friday in over-the-counter trading.
The notes are jointly and severally guaranteed on a senior secured basis by the parent company and each of its existing and future wholly-owned domestic restricted subsidiaries that are obligors under the company’s Cash Flow Credit Agreement.
Merrill Lynch International is acting as the stabilisation manager for the offering, following its pre-stabilisation announcement on September 25.
Stabilisation activities, conducted within the framework of the Market Abuse Regulation, are typically undertaken to support the market price of newly issued securities during the initial offering period.
The information was disclosed in a regulatory announcement to the London Stock Exchange, based on a company press release statement.
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