GenCorp to redeem all $74.96 million of its 9½% notes due 2013

By Tali David

Minneapolis, April 23 - GenCorp Inc. plans to redeem all $74,963,000 of its 9½% senior subordinated notes due 2013, according to a press release.

The notes will be redeemed at par plus accrued interest on May 23.

The company plans to fund the redemption with cash on hand.

Bank of New York Mellon Trust Co., NA is the trustee.

GenCorp is a Rancho Cordova, Calif., technology-based manufacturer of aerospace and defense products and systems with a real estate segment.

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