Interactive Data to redeem 10¼% senior notes due 2018 via new offering

By Tali Rackner

Norfolk, Va., April 16 - Interactive Data Corp. plans to redeem its existing 10¼% senior notes due 2018 with the proceeds from a new notes offering, according to a press release.

Proceeds will also be used to refinance its existing term loans and fund a distribution to its parent entities, which in turn intend to pay a roughly $273 million distribution to their equity holders.

Interactive Data is a Bedford, Mass.-based provider of financial market data.

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