Xerium to redeem $480 million 9½% notes due 2021 on Oct. 28

By Marisa Wong

Morgantown, W.Va., Xerium Technologies, Inc. plans to redeem on Oct. 28 all $480 million of its 9½% senior secured notes due 2021.

The notes will be redeemed at 104.75 plus accrued interest from Aug. 15 to but excluding the redemption date.

The redemption is in connection with and conditioned on Andritz AG’s acquisition of Xerium.

Xerium is a Youngsville, N.C.-based manufacturer of industrial textiles and rolls used primarily in the paper production process.

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