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Salton exchanges further $4 million notes due 2005
New York, Sept. 29 - Salton, Inc. said it exchanged a further $4 million of its 10¾% senior subordinated notes due 2005, issuing $4.078 million of second-lien notes due March 31, 2008 under its second-lien credit agreement.
The transaction, which includes accrued interest, was completed with FMA CBO Funding III, Ltd. on Sept. 28, according to an 8-K filing with the Securities and Exchange Commission.
Salton previously received tenders for $75.3 million or 60.2% of the 10¾% notes in an exchange offer completed in August.
Salton is a Lake Forest, Ill.-based designer, marketer and distributor of branded small appliances, electronics, home decor and personal care products.
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