Universal City calls full $406.25 million of 8 7/8%, 10 7/8% notes

By Ashley Montgomery

Kansas City, Kan., Oct. 3 - Universal City Development Partners, Ltd. will redeem all of its 10 7/8% senior subordinated notes due Nov. 15, 2016 and 8 7/8% senior notes due Nov. 15, 2015, according to two redemption notices.

The notes will be redeemed on Nov. 15.

The 8 7/8% notes, totaling $260 million, will be redeemed at 104.438 plus $88.75 of accrued interest per note.

The 10 7/8% notes, totaling $146.25 million, will be redeemed at par plus the applicable premium and $108.75 of accrued interest per note.

Bank of New York Mellon is the paying agent.

Universal City is an Orlando, Fla.-based owner and operator of theme parks.

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