Ethan Allen issues call to redeem $129.4 million 5 3/8% notes due 2015

By Toni Weeks

San Luis Obispo, Calif., Feb. 13 – Ethan Allen Interiors Inc. wholly owned subsidiary Ethan Allen Global, Inc. announced the redemption of its outstanding $129.4 million of 5 3/8% senior notes due Oct. 1, 2015, according to a press release.

The notes will be redeemed on March 18.

The redemption price will be equal to (a) the greater of (i) par or (ii) the sum of the present values of the remaining scheduled payments of principal and interest from the date of redemption to the date of maturity, except for currently accrued interest, discounted to the date of redemption and on a semiannual basis at the applicable Treasury rate plus 20 basis points, plus (b) accrued interest.

U.S. Bank NA, Corporate Trust Services is the trustee.

Ethan Allen is a Danbury, Ct.-based interior design company and manufacturer and retailer of quality home furnishings.

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