Adesa calls $125 million of series A, B notes

Pittsburgh, July 9 - Adesa Inc. will redeem all of its outstanding $90 million of 7.7% senior notes series A due 2006 and $35 million of 8.1% senior notes series B due 2010, according to a company release.

The redemption date is Aug. 11.

Adesa expects a $14 million expense in the third quarter comprised of an early redemption premium and the write-off of unamortized debt-issue costs, the release said.

Adesa is a Carmel, Ind.-based provider of wholesale vehicle auctions, vehicle redistribution services and floor plan financing for the North American automotive industry.

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