Leucadia National to redeem notes due 2017 and debentures due 2027

By Ashley Montgomery

Kansas City, Kan., Jan. 31 - Leucadia National Corp. will redeem all of its outstanding 7 1/8% senior notes due 2017 and 8.65% junior subordinated deferrable interest debentures due 2027, according to a company news release.

The redemption date is March 15.

The notes will be redeemed at 103.563 plus accrued interest to the redemption date. The debentures will be redeemed at 102.1395 plus accrued interest to the redemption date.

The company said it will spend $528.3 million in cash plus the amount of accrued interest to redeem the securities.

Bank of New York Mellon is the trustee.

Leucadia is based in New York and engages in manufacturing, telecommunications, property management and services, gaming entertainment, real estate activities, medical product development and winery operations.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.