G&K Services to prepay $7.14 million outstanding 8.4% notes on Jan. 20

By Angela McDaniels

Tacoma, Wash., Dec. 22 - G&K Services, Inc. will prepay all of its 8.4% senior notes due July 20, 2010 on Jan. 20, according to an 8-K filing with the Securities and Exchange Commission.

The principal balance of the notes is $7,142,857, and the company expects to pay a prepayment premium of $268,871.

G&K is a Minnetonka, Minn.-based provider of branded identity apparel programs and facility services.

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