RCL- notice of redemption of secured notes
RCL Foods today announces that its wholly owned subsidiary, Foodcorp Proprietary Limited (“Foodcorp”), has issued a notice for the redemption (the “Redemption”) of all of its currently outstanding EURO351,000,000 aggregate principal amount of 8.75% Senior Secured Notes due 2018 (the “Notes”). Foodcorp will on or about 11 April 2014 (the “Redemption Date”) redeem the Notes for cash in an amount equal to the aggregate redemption price (being 108.750% of the outstanding principal amount), plus accrued and unpaid interest to (but not including) the Redemption Date. The Redemption will be funded through a locally sourced ZAR debt package. The notice of redemption sent to Notes holders and dated 12 March 2014, contains additional information concerning the terms of the Redemption. This announcement is for informational purposes only and shall not constitute an offer to purchase the Notes or any other securities.