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Dayton Superior draws on credit facility to buy back $15.3 million notes
New York, Aug. 13 - Dayton Superior Corp. said it bought back $15.3 million principal amount of its 13% senior subordinated notes during June, funding the purchase with $14.3 million of borrowings on its revolving credit facility.
As of June 27, the Dayton, Ohio company had $154.7 million of the notes outstanding and $15.9 million drawn on its revolver, according to a filing with the Securities and Exchange Commission.
The average interest rate on the revolver at that point was 6.25%.
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