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Prospect News home > News index > List of issuers P > Headlines for Pentair, Inc. > News item |
Pentair calls remaining 7.85% notes due 2009
By Susanna Moon
Chicago, March 16 - Pentair, Inc. said it will redeem all of its $133.9 million outstanding 7.85% senior notes due Oct. 15, 2009.
The redemption date is April 15. The pricing date is April 9.
Pentair said it will pay the greater of par and the sum of the present values of the remaining scheduled payments of principal and interest on the notes at the adjusted Treasury rate plus 25 basis points plus accrued interest to the redemption date.
U.S. Bank NA (800 934-6802) is the trustee.
Pentair is a diversified industrial manufacturing company based in Golden Valley, Minn.
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