Kansas City Southern de Mexico wraps tender offers, redeems remaining 7 5/8%, 7 3/8% notes

By Angela McDaniels

Tacoma, Wash., June 9 - Kansas City Southern de Mexico, SA de CV redeemed all of its outstanding 7 5/8% senior notes due 2013 and 7 3/8% senior notes due 2014, according to a company news release.

The company repurchased $22,778,000 of 7 5/8% notes and $134,681,000 of 7 3/8% notes in a tender offer that expired on June 6.

In the tender offer, the company paid 104 for notes tendered by the consent deadline, May 19, and 103 for notes tendered after that time.

The remaining $9,605,000 of 7 5/8% notes and $30,319,000 of 7 3/8% notes were redeemed on June 7.

The redemption price was 103.688 for the 7 3/8% notes and 103.813 for the 7 5/8% notes.

In each case, holders also received accrued interest.

The tender offers and the redemption were funded with the proceeds of the company's $200 million issue of 6 1/8% senior notes due 2021.

The dealer manager for the tender offer was Bank of America Merrill Lynch (888 292-0070 or 980 388-9217). The information and tender agent was D.F. King & Co., Inc. (800 829-6551 or 212 269-5550).

The company is a subsidiary of Kansas City, Mo.-based Kansas City Southern, a transportation holding company that has railroad investments in the United States, Mexico and Panama.

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