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U.S. Can buys back $3.3 million 12 3/8% senior notes
New York, Feb 24. - United States Can Corp. said it repurchased and cancelled $3.3 million of its 12 3/8% senior subordinated notes due 2010.
The notes were repurchased on the open market at a slight discount, and were paid for using cash on hand.
The company said it will not repurchase additional notes during the first quarter because of limitations imposed by the senior to debt to EBITDA test in its senior credit facility at year-end.
The Lombard, Ill.-based company produces steel containers.
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