American Tire redeems all $425 million 11½% notes due 2018 at 102

By Marisa Wong

Madison, Wis., Feb. 26 – American Tire Distributors, Inc. redeemed all $425 million of its outstanding 11½% senior subordinated notes due 2018 on Feb. 25, according to a notice.

The notes were redeemed at a price of 102.

The company used proceeds from an offering of new senior subordinated notes due 2022 to fund the redemption, as previously announced.

American Tire is a Charlotte, N.C.-based supplier of tires to the replacement market.

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