Finning to redeem C$250 million 5.16% notes at 100.601 on July 5

By Marisa Wong

Madison, Wis., June 3 - Finning International Inc. announced that it will redeem in whole its C$250 million of 5.16% notes due Sept. 3, 2013 on July 5.

The redemption price will be C$1,006.01 per C$1,000 principal amount of notes. Including accrued interest, the total redemption amount will be C$255,884,966.

The redemption price was determined based on the Government of Canada yield plus 47.5 basis points.

The Vancouver, B.C.-based Caterpillar equipment dealer issued the 5.16% notes in May 2008.

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