Buckeye to redeem $15 million 9¼% notes due 2008

By Jennifer Chiou

New York, Aug. 24 - Buckeye Technologies Inc. said it plans to redeem $15 million or 19% of its outstanding 9¼% senior subordinated notes due 2008 on Sept. 26.

Previously, the company announced the redemption of $20 million of the notes on March 23.

Based in Memphis, Tenn., Buckeye manufactures specialty fibers and non-woven materials.

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