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Legg Mason plans to repurchase its 5.5% notes with new note proceeds
By Tali Rackner
Norfolk, Va., June 23 – Legg Mason, Inc. will repay its $650 million of 5.5% senior notes due 2019 with the proceeds of new senior notes offerings, according to a company news release.
The notes will be redeemed at a make-whole redemption price on July 23.
Legg Mason is a Baltimore-based asset management firm.
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