Lear calls all 7 7/8% notes at 103.938 and 10% of 8 1/8% notes at 103

By Susanna Moon

Chicago, Feb. 18 - Lear Corp. called all $280 million of its outstanding 7 7/8% senior secured notes due 2018 and 10% of the $280 million outstanding 8 1/8% senior secured notes due 2020 on Tuesday, according to a 8-K filing with the Securities and Exchange Commission.

The company will redeem all of its 7 7/8% notes at 103.938% of par on March 20 and 10% of its 8 1/8% notes at 103% of par on March 26.

The company originally issued $350 million of each series of notes.

Lear is a Southfield, Mich.-based automotive parts supplier.

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