TRAC Intermodal calls $80 million of 11% senior secured notes

New York, July 15 – TRAC Intermodal LLC said it will redeem $80 million of its 11% senior secured notes due 2019.

The debt will be repaid at 105.5% of par plus accrued interest on Aug. 15.

Funding for the redemption will come from borrowings on the company’s asset-based credit facility.

TRAC Intermodal is a Princeton, N.J.-based provider of marine and domestic chassis.

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