Vail Resorts to redeem $175 million 6½% notes due 2019 on July 7

By Toni Weeks

San Luis Obispo, Calif., June 5 – Vail Resorts, Inc. issued a call to redeem $175 million principal amount of its 6½% senior subordinated notes due 2019, according to an 8-K filing with the Securities and Exchange Commission.

The notes, which were originally issued April 25, 2011, will be redeemed at 104.875 plus accrued interest on July 7.

Following the transaction, $215 million of the notes will remain outstanding.

The Bank of New York Mellon is the trustee.

Vail Resorts is based in Broomfield, Colo., and operates mountain resorts through its subsidiaries.

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