Gerdau Ameristeel to retire $405 million 10 3/8% notes at 101.792

By Susanna Moon

Chicago, July 17 - Gerdau Ameristeel Corp. said it plans to redeem its $405 million of 10 3/8% senior notes due 2011 on Aug. 31.

The redemption price is 101.792% of par plus accrued interest to the redemption date.

Gerdau plans to fund the redemption with cash.

U.S. Bank NA is the indenture trustee.

Gerdau Ameristeel is a Tampa, Fla.-based mini-mill steel producer.

© 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.