Trailer Bridge buys back $1.5 million 9¼% notes due 2011, may buy back up to $1 million more

By Susanna Moon

Chicago, Dec. 30 - Trailer Bridge, Inc. said its board of directors authorized the repurchase of up to $1 million of its 9¼% senior secured notes due Nov. 15, 2011.

The company may buy back the notes in privately negotiated transactions or in the open market.

Trailer Bridge noted that it repurchased $1.5 million of its 9¼% notes in September and October.

Trailer Bridge is a Jacksonville, Fla., integrated trucking and marine freight service company.

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