Dorel to redeem all 5.5% subordinated convertibles due Nov. 30

By Wendy Van Sickle

Columbus, Ohio, June 17 – Dorel Industries Inc. plans to redeem its $120 million of 5.5% subordinated convertible debentures due Nov. 30, 2019 with proceeds of a $125 million tranche of a new $175 million term loan agreement, according to a news release.

The debentures will be redeemed at par.

Dorel is a juvenile products and bicycle company based in Montreal.

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