Innophos redeems all $56 million 9½% senior unsecured notes due 2012

By Devika Patel

Knoxville, Tenn., April 15 - Innophos Holdings, Inc. announced it redeemed all $56 million of its remaining 9½% senior unsecured notes due 2012 for cash at par plus interest to Thursday, the redemption date.

The redemption will result in reduced annual after tax cash interest expense of approximately $3.3 million or $0.15 per share.

Innophos is a Cranbury, N.J., producer of specialty phosphates.

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