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Published on 8/1/2005 in the Prospect News High Yield Daily.

GXS to redeem all floating-rate notes due 2008

By Jennifer Chiou

New York, Aug. 1 - GXS Corp. said it called all its outstanding senior secured floating-rate notes due 2008, according to a 15 filing with the Securities and Exchange Commission.

The Gaithersburg, Md., company notified the noteholder on July 29.

In May, the company said it planned to repay some of its and G International Inc.'s outstanding bonds as well as $105 million of the floaters via a new credit facility.

The company also already announced it intended to redeem a portion of its senior subordinated reset notes.

GXS provides B2B e-commerce products.


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