American Seafoods Group to redeem 10 1/8% notes due 2010

By Jennifer Chiou

New York, March 30 - American Seafoods Group LLC announced the redemption of its 10 1/8% senior subordinated notes due 2010, according to an 8-K filing with the Securities and Exchange Commission.

The Seattle-based integrated seafood company said it will redeem the notes at 105.063% plus accrued interest up to but excluding April 27, the redemption date.

Wells Fargo Bank, NA is the trustee and paying agent.

American Seafoods said it will fund the redemption with borrowings of about $180 million as a tranche B-2 term loan and $3.9 million under its revolving credit facilities.

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