Sanmina-SCI to redeem $100 million of 8 1/8% notes due 2016

By Ashley Montgomery

Kansas City, Kan., March 9 - Sanmina-SCI Corp. will redeem $100 million principal amount of its outstanding $250 million of 8 1/8% senior subordinated notes due 2016, the company announced in a news release.

The notes will be redeemed April 9 at $1,027.08 per $1,000 principal amount plus accrued interest up to the redemption date.

The company said it will fund the redemption with borrowings from its credit facility.

Sanmina-SCI is a San Jose, Calif.-based provider of integrated electronics manufacturing services.

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