Joy Global to use revolver borrowings to redeem 6% senior notes

By Marisa Wong

Morgantown, W.Va., Sept. 25 – Joy Global Inc. plans to use borrowings under its revolving credit facility, along with cash on hand, to redeem its 6% senior notes due 2016, according to an 8-K filing with the Securities and Exchange Commission.

The company will redeem all $250 million of its 6% notes on Oct. 28.

Joy Global is a Milwaukee-based mining services company.

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