July 21 (Reuters) - TFS Corporation Ltd (TFC) :
- TFS to issue US$250 million of new senior secured notes (TFC)
- New notes mature in August 2023, with a non-call period of 3 years
- Issuance extends the maturity and significantly reduces the cost of tfs's debt
- Proceeds will primarily be used to redeem tfs's existing notes of US$200M
- New notes will bear interest at a rate of 8.75% per annum.
