Valmont to redeem 6.875% notes with $150 million more 6.625% notes

By Toni Weeks

San Diego, June 7 - Valmont Industries, Inc. intends to use the proceeds of its offering of an additional $150 million of 6.625% senior notes due 2020 to finance the redemption of its outstanding 6.875% senior subordinated notes due May 2014, according to a press release.

The redemption is expected to occur on June 16.

Valmont, based in Omaha, designs and manufactures fabricated metal products.

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