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Dycom Investments to redeem all $277.5 million 7 1/8% notes due 2021
By Tali Rackner
Norfolk, Va., Sept. 17 – Dycom Investments, Inc. plans to redeem all $277.5 million of its 7 1/8% senior subordinated notes due 2021, according to an 8-K filing with the Securities and Exchange Commission.
The notes will be redeemed on Oct. 15 at par plus accrued interest and a 5.11% premium for a total redemption price of $296.6 million.
U.S. Bank NA is the trustee.
Dycom Investments is a subsidiary of Dycom Industries, Inc., a Palm Beach Gardens, Fla.-based provider of specialty contracting services.
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