Trailer Bridge buys back $1 million more of its 9¼% notes due 2011

By Angela McDaniels

Tacoma, Wash., Jan. 19 - Trailer Bridge, Inc. purchased $1 million of its 9¼% senior secured notes due Nov. 15, 2011 in privately negotiated transactions on Jan. 13, according to a company news release.

The company said on Dec. 30 that its board of directors had authorized the repurchase of up to $1 million of the notes.

The company has repurchased $2.5 million of the notes since September, leaving $82.5 million of them outstanding.

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

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