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Nexteer to redeem outstanding 5 7/8% notes due 2021 at par
By Taylor Fox
New York, March 1 – Nexteer Automotive Group Ltd. plans to redeem its outstanding $250 million 5 7/8% senior notes due 2021 in full, according to a company announcement.
The notes will be redeemed April 2 at par plus interest.
Nexteer is a Saginaw, Mich., manufacturer of steering and driveline systems for automobiles.
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