Tops announces redemption price for $350 million 10 1/8% notes

By Marisa Wong

Madison, Wis., Dec. 24 - Tops Holding Corp. and subsidiary Tops Markets, LLC said they will redeem on Jan. 22 their $350 million principal amount of 10 1/8% senior secured notes due 2015 for $377,268,938.

The redemption price includes a $17,720,500 redemption premium and accrued interest of $9,548,438.

The companies recently withdrew a cash tender offer and consent solicitation for any and all of their $350 million of 10 1/8% notes and decided to call all of the notes for redemption instead.

U.S. Bank NA is the paying agent.

Tops is a Williamsville, N.Y.-based supermarket retailer in the upstate New York market.

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