Ferro intends to redeem $250 million of 7 7/8% senior notes due 2018

By Toni Weeks

San Luis Obispo, Calif., July 7 – Ferro Corp. said it plans to fully redeem its outstanding $250 million of 7 7/8% senior notes due 2018, according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed under a tender offer and/or the redemption provision in the note indenture.

The company said in the filing that it intends to redeem all of the notes with long-term debt.

Mayfield Heights, Ohio-based Ferro is a supplier of technology-based performance materials, including glass-based coatings, pigments and colors, and polishing materials.

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