Compass Minerals to redeem $20 million of its 12% notes due 2013

By Devika Patel

Knoxville, Tenn., Sept. 8 - Compass Minerals International, Inc. announced it plans to redeem $20 million of its outstanding 12% senior subordinated discount notes due 2013 for $21.2 million, plus interest, on Oct. 8.

The redemption will be funded with cash flows from operations.

Compass is a chemical production company based in Overland Park, Kan.

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