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Poly to redeem outstanding 5½% senior notes due 2023
By Taylor Fox
New York, Feb. 22 – Poly (formerly Plantronics Inc.) plans to fully redeem its outstanding 5½% senior notes due 2023 using proceeds from a $500 million notes offering and cash on hand, according to a news release.
Poly will also pay all related fees and expenses.
Any remaining proceeds will be used for general corporate purposes, including repaying amounts outstanding under its secured term loan.
Poly is a Santa Cruz, Calif.-based audio communications company.
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