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Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item |
Saks to redeem $1.91 million of 7 3/8% notes due 2019 on April 15
By Susanna Moon
Chicago, March 4 - Saks Inc. said it will redeem $1,911,000 principal amount of its 7 3/8% notes due 2019 on April 15.
The redemption price will be determined according to the terms of the notes. Holders will also receive accrued interest to the redemption date.
The company will fund the redemption from cash on hand.
Saks is a New York-based operator of fashion retail stores.
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