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Hayes Lemmerz to buy back 10½% notes due 2010
By Laura Lutz
Des Moines, March 16 - Hayes Lemmerz International, Inc. plans to repurchase all of the outstanding 10½% senior notes due 2010 issued by its subsdiary, HLI Operating Co., Inc.
The repurchase will be funded with proceeds from a rights offering of up to $180 million of common stock announced Friday.
Based in Northville, Mich., Hayes Lemmerz is a supplier of automotive and truck wheels, brakes and powertrain components.
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