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Prospect News home > News index > List of issuers Tenders > Headlines for 2006 > News item
Published on 11/29/2006 in the Prospect News High Yield Daily.

Sbarro to call 11% notes due 2009 in connection with merger

By Laura Lutz

Washington, Nov. 29 - Sbarro, Inc. plans to redeem all of its 11% senior notes due 2009, according to an 8-K filing with the Securities and Exchange Commission.

A notice of redemption will be issued upon closing of Sbarro's upcoming merger with MidOcean SBR Holdings, LLC. The notes will be redeemed 30 days after the notice of redemption is mailed.

The companies will continue to consider alternatives to the redemption, according to the filing.

Melville, N.Y.-based Sbarro operates restaurants.


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