Korn Ferry has issued a conditional notice to redeem the entire $400 million outstanding principal amount of its 4.625% Senior Notes due 2027. The redemption is contingent upon the company successfully completing new debt financing to fund the transaction.
Key Details
- Redemption Amount: $400 million in principal at 100% of face value, plus accrued and unpaid interest.
- Security: 4.625% Senior Notes due 2027.
- Redemption Date: The planned redemption date is August 18, 2026.
- Condition: The redemption is subject to Korn Ferry receiving at least $400 million in gross proceeds from one or more new debt financing transactions on or before the redemption date.