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Smart Modular Technologies to redeem $43.75 million floaters due 2012
By Jennifer Chiou
New York, Feb. 9 - Smart Modular Technologies (WWH), Inc. will redeem $43.75 million of its senior secured floating-rate notes due April 1, 2012, according to an 8-K filing with the Securities and Exchange Commission.
The company said it will use proceeds from its initial public offering for the redemption.
The company issued $125 million of the floaters in March 2005.
Based in Fremont, Calif., Smart Modular distributes, manufactures and supplies memory technology.
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