Head, HTM Sport to redeem €27.6 million senior notes due 2014

By Tali David

Minneapolis, May 6 - Head NV and subsidiary HTM Sport GmbH will redeem all €27,602,000 of its senior notes due 2014, according to a notice.

The notes will be redeemed at par plus accrued interest of €814,642.36 on June 5.

According to the release, the redemption will be funded with excess cash generated by the company and unused lines of credit available to the company.

Head is an Amsterdam-based manufacturer and marketer of premium sports equipment and apparel.

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