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Prospect News home > News index > List of issuers V > Headlines for Vector Group Ltd. > News item
Published on 12/31/2020 in the Prospect News High Yield Daily.

Vector Group plans at least $850 million of notes to fund redemption

By Cady Vishniac

Detroit, Dec. 31 – Vector Group Ltd. plans to issue at least $850 million of notes to redeem its outstanding 6 1/8% notes due 2025, according to a press release.

The redemption is planned for Feb. 1.

Vector Group is a Miami-based holding company that indirectly owns Liggett Group LLC and Vector Tobacco Inc. and directly owns New Valley LLC. The subsidiaries manufacture and market cigarette products.


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