Hexcel calls 7% convertibles

New York, March 1 - Hexcel Corp. said it has called for redemption all $19.25 million face amount of its 7% convertible subordinated debentures due 2011.

Hexcel will pay par plus accrued interest for the convertibles, which will be redeemed on March 31.

Hexcel also called all $100 million face amount of its 9¾% senior subordinated notes due 2009.

Funding for the redemptions will come from Hexcel's new term loan and revolving credit facility.

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