Coinmach calls $125.5 million 9% notes

New York, Nov. 29 - Coinmach Corp. said it will redeem $125.5 million of its 9% senior notes on Dec. 24.

The securities will be redeemed using the equity clawback provision using part of the proceeds of the recent initial public offering of Income Deposit Securities by parent Coinmach Service Corp.

The Plainview, N.Y., supplier of coin- and card-operated laundry equipment will pay 109% of par plus accrued interest for a total of $141.28 million.

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