iesy Hessen buys back €80 million floating-rate notes due 2013

By Jennifer Chiou

New York, Aug. 22 - iesy Hessen GmbH & Co. said it repurchased an additional €80 million of its senior secured floating-rate notes due April 15, 2013.

In 2007, the company said it repurchased €75 million of the notes in 2007 as well as €151 million in March.

iesy said that €1.044 billion of notes remain outstanding to third parties, adding that it has not yet made a decision on whether to cancel the €231 million of notes the company holds.

The company is a Cologne, Germany-based cable television services provider.

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