Briggs & Stratton plans to redeem $201 million 8 7/8% notes due 2011

By Melissa Kory

Cleveland, Dec. 13 - Briggs & Stratton Corp. announced that it intends to redeem its $201 million of 8 7/8% senior notes due March 15, 2011 using about $8 million of cash on hand and $195 million of proceeds from its planned offering of $200 million of senior notes due 2020.

Briggs & Stratton is a Wauwatosa, Wis., producer of air-cooled gasoline engines and engine-powered outdoor equipment.

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