Jacuzzi Brands tenders for up to $47.69 million 9 5/8% senior secured notes

By Jennifer Chiou

New York, April 11 - Jacuzzi Brands, Inc. said it started a tender offer for up to $47.69 million of its 9 5/8% senior secured notes due 2010.

The company said it will pay par plus accrued interest up to but excluding the payment date.

The offer expires at 12:01 a.m. ET on May 22.

The West Palm Beach, Fla.-based manufacturer of branded bath and plumbing products said it will use remaining proceeds from its June 2005 sale of its investment in Rexair, Inc. to Rhone Capital LLC.

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