Avondale Mills plans call of all $90 million 10¼% notes

By Jennifer Chiou

New York, April 22 - Avondale Inc. and Avondale Mills, Inc. intend to redeem Avondale Mills' $90 million of 10¼% senior subordinated notes due 2013, according to an 8-K filing with the Securities and Exchange Commission.

The Monroe, Ga., textile manufacturer said the redemption date is expected to be July 1.

The company said it will redeem the notes at $94.61 million, including a redemption premium of $4.61 million, plus accrued interest of $4.61 million.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.