Insight calls all 9¾% notes, 12¼% notes

By Jennifer Chiou

New York, Nov. 30 - Insight Communications Co. Inc. announced the redemption of all of its 12¼% senior discount notes due Feb. 15, 2011 and all of Insight Midwest's 9¾% senior notes due Oct. 1, 2009.

The redemption date is Dec. 31.

The company said it will pay par for the 9¾% notes and $1,040.83 for each $1,000 principal amount of 12¼% notes using proceeds from the close of the previously announced division of the Insight Midwest partnership with Comcast Corp.

Insight Communications is a cable operator based in New York City.

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