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Action Performance calls $29.9 million of 4¾% convertibles
Pittsburgh, July 1 - Action Performance Co. Inc. will redeem its $29.9 million of 4¾% convertible senior notes due 2005 at a price of 100.68%.
The redemption date is Aug. 2.
Action Performance will fund the redemption with borrowings under its new credit facility.
Action Performance is a Phoenix-based designer, promoter, marketer and distributor of licensed motorsports merchandise.
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