Diamond Resorts International announces completion of redemption of 12 per cent senior secured notes due 2018
from Inside The Gate
Diamond Resorts International("Company") and its indirect wholly-owned subsidiary, Diamond Resorts Corporation (DRC), has announced the completion of the previously announced redemption of DRC's 12 per cent Senior Secured Notes due 2018. Pursuant to a previously issued redemption notice, DRC redeemed the entire $374,440,000 outstanding principal amount of the Senior Secured Notes at a redemption price equal to approximately 108.077 per cent of the principal amount of the Senior Secured Notes being redeemed, or approximately $419 million in total, including approximately $14 million of accrued and unpaid interest up to but excluding the Redemption Date.
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