NCI Building Systems plans to redeem 9¼% notes

New York, May 6 - NCI Building Systems Inc. said it plans to redeem its $125 million principal amount of 9¼% senior subordinated notes due 2009 with proceeds of a planned new credit facility.

The Houston manufacturer of metal products for the nonresidential building industry will also use proceeds from the new $325 million senior secured credit facility to repay its existing bank debt.

NCI said the new facility will provide it with increased financial flexibility and decreased borrowing costs.

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