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Wesco to redeem $123.78 million 9 1/8% notes
New York, Jan. 13 - Wesco International, Inc. and Wesco Distribution, Inc. said they will redeem $123.777 million of Wesco Distribution's 9 1/8% senior subordinated notes due 2008 on March 1.
The companies will redeem $29.547 million of the notes issued in 1998 and $94.230 million of the notes issued in 2001.
The redemption price will be 103.042 plus accrued interest to the redemption date.
After the call there will be $199.72 million of the 1998 notes outstanding and none of the 2001 notes, according to an 8-K filing with the Securities and Exchange Commission.
Wesco is a Pittsburgh-based distributor of electrical supplies and equipment.
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