Comforce calls $21 million of 12% senior notes

By Laura Lutz

Des Moines, July 18 - Comforce Corp. has issued a notice of partial redemption for $21.42 million of its 12% senior notes due Dec. 1, 2007.

The redemption applies only to holders who denied consent for a three-year extension of the notes to Dec. 1, 2010. Holders of the remaining $22.89 million outstanding notes consented to the extension.

The redemption date is Aug. 16.

"When the redemption is completed, our public debt will stand at $22.9 million, down approximately $115.9 million from $138.8 million as of June 2000. We have worked hard to achieve these results and I commend our executive team in attaining significant savings in our interest expense and improving our capital structure," John Fanning, chairman and chief executive officer of Comforce, said in a company release.

Comforce is a Woodbury, N.Y. staffing company.

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