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Cambium buys back $15 million more 9¾% notes due 2017 from investor
By Susanna Moon
Chicago, Dec. 23 – Cambium Learning Group, Inc. repurchased $15 million of its 9¾% senior secured notes due 2017 for $15 million plus accrued interest, according to an 8-K filing with the Securities and Exchange Commission.
The company entered into a note repurchase agreement with an investor on Dec. 18.
After settlement on Dec. 23, there will be $140 million of the 9¾% notes outstanding.
Cambium is a Dallas-based education services provider focused on at-risk and special needs students.
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