Great Lakes Dredge to redeem its 8% notes due 2022

By Rebecca Melvin

Concord, N.H., May 10 – Great Lakes Dredge & Dock Corp. plans to redeem all of its outstanding 8% senior notes due 2022 using proceeds of new notes and cash on hand, according to a company news release.

Great Lakes is selling a new $325 million issue of eight-year senior notes that becomes callable after three years.

The provider of construction services is based in Houston.

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