Specialty fibers maker Buckeye announces $60 mn redemption of notes
18 Aug '07
1 min read
Buckeye Technologies Inc announced that it has called for redemption prior to their maturity $60 million in aggregate principal amount of its outstanding 9 ¼% Senior Subordinated Notes due 2008 (2008 Notes) and will redeem on September 17, 2007, in accordance with their terms.
Upon completion of this redemption, none of the 2008 Notes will remain outstanding. A formal notice of redemption has been sent separately to the affected holders of the 2008 Notes, in accordance with the terms of the indenture for the 2008 Notes. Buckeye plans to finance this redemption using its new revolving credit facility.
Buckeye, a leading manufacturer and marketer of specialty fibers and nonwoven materials, is headquartered in Memphis, Tennessee, USA.
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