Pantry purchases $15.4 million of 7¾% senior notes due 2014

By Tali David

Minneapolis, Feb. 7 - The Pantry, Inc. purchased $15.4 million in principal amount of its 7¾% senior subordinated notes due 2014 during the first quarter of fiscal 2012, according to a 10-Q filed with the Securities and Exchange Commission.

The company purchased the notes on the open market resulting in a loss on the extinguishment of debt, net of write-off of deferred financing costs, of about $82,000.

Pantry now has $221.6 million remaining. Interest on the senior subordinated notes is payable semi-annually on Feb. 15 and Aug. 15.

Pantry is a Sanford, N.C.-based convenience store chain.

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