LaBranche buys back another $10 million of its 11% senior notes due May 2012 in April

By Susanna Moon

Chicago, May 11 - LaBranche & Co. Inc. repurchased another $10 million principal amount of 11% senior notes due May 2012 in April, according to a 10-Q filed Monday with the Securities and Exchange Commission.

The company bought $10.6 million of the notes at below par in the fourth quarter of 2008.

As a result, $189.3 million of the notes remains outstanding.

New York-based LaBranche, through its subsidiaries, operates as a registered broker-dealer and specializes in exchange-listed securities.

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