407 International calls all 5.1% senior notes due 2014 for redemption

By Ashley Montgomery

Kansas City, Kan., April 25 - 407 International Inc. will redeem all of its outstanding 5.1% senior medium-term notes, series 09-42, due Jan. 20, 2014, according to a news release.

The notes will be redeemed on May 25 at C$1,046.43 per C$1,000 principal amount of the notes, plus accrued interest to the redemption date.

The company said it would fund the redemption with proceeds from its $400 million sale of 4.19% senior medium-term notes, series 12-A1.

BNY Trust Co. of Canada is the trustee.

407 International owns and operates Highway 407 in Canada. The company is based in Woodbridge, Ont.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.