Sequa buys back $86.2 million 8 7/8% notes in Q2, July

By Laura Lutz

Des Moines, Aug. 4 - Sequa Corp. repurchased $83.7 million of its 8 7/8% senior notes due April 2008 in the second quarter, according to a 10-Q filing with the Securities and Exchange Commission.

Sequa paid an average price of 104.5 in unsolicited deals.

In July, the company bought an additional $2.5 million of the notes at 104.25.

Sequa is a New York-based company focused on jet engine components, the automotive industry and the coil coating and industrial machinery markets.

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