Veresen to redeem all C$200 million of 5.6% series 1 notes via offering

By Tali Rackner

Norfolk, Va., June 10 – Veresen Inc. plans to redeem all C$200 million of its 5.6% series 1 senior secured notes due July 28, 2014 with the proceeds from a new notes offering and general corporate funds, according to a press release.

The notes will be redeemed at C$1,002.14 plus accrued interest of C$25.01 per C$1,000 principal amount on July 10.

Veresen is a Calgary, Alta.-based pipeline and energy company.

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