DynCorp conditionally calls $39.3 million 10 3/8% notes due 2017

By Wendy Van Sickle

Columbus, Ohio, March 24 – DynCorp International called its $39.3 million of 10 3/8% senior unsecured notes due 2017 for redemption, according to an 8-K filing with the Securities and Exchange Commission.

The notes are set to be redeemed on April 24 at par plus accrued interest to, but excluding, the redemption date.

The redemption is conditioned on DynCorp International’s receipt of proceeds of equity and/or debt financings and/or capital contributions sufficient to pay the redemption price and may be delayed, according to the filing.

DynCorp is a McLean, Va.-based provider of aviation, logistics, training, intelligence and operational solutions to commercial, government and military customers.

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