IPS announces redemption of $50 million 11¼% senior notes due 2014

By Ashley Montgomery

Kansas City, Kan., Aug. 20 - IPS Corp. will redeem all of its $50 million of 11¼% senior subordinated unsecured notes due 2014, according to a notice.

The notes will be redeemed on Sept. 17 at par plus accrued interest to the redemption date.

U.S. Bank, NA is the agent.

IPS is a Compton, Calif.-based manufacturer of adhesive cements, structural adhesives and niche plumbing products primarily for residential, commercial, industrial and international markets.

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