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Lexington Precision buys back $8.26 million 12% notes
New York, Oct. 4 - Lexington Precision Corp. said it bought back $8.26 million of its 12% senior subordinated notes.
The company paid $2.89 million for the securities including accrued interest.
Funding came from borrowings on a new loan with Cohanzick High Yield Partners LP, according to an 8-K filing with the Securities and Exchange Commission.
Lexington Precision is a New York-based manufacturer of rubber and metal components for the automobile and medical devices industries.
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