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Kansas City Southern de Mexico plans to redeem 12½% notes
By Jennifer Chiou
New York, May 14 - Kansas City Southern announced that its subsidiary, Kansas City Southern de Mexico SA de CV, intends to redeem its 12½% senior notes due 2012.
Kansas City Southern de Mexico plans to use proceeds from a proposed offering of $165 million of senior notes due 2014 along with borrowings from a $30 million bank term loan and available cash on hand to fund the redemption.
Kansas City Southern is a railroad company based in Kansas City, Mo.
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