Head NV and HTM Sport GmbH, a subsidiary of Head NV, announced the redemption in full of their outstanding senior secured notes due 2012. The aggregate redemption price for the notes to be redeemed is expected to be €29.4 million ($40.2 mm), which comprises 100 percent of the principal amount of €28.8 million and accrued and unpaid interest to the redemption date of €647,145.
The redemption date is expected to be Oct. 21, 2011.
The redemption price will be paid from excess cash generated by the company and new financing agreements that have been entered into in 2011.
