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Group 1 Auto to redeem 10 7/8% notes
New York, Jan. 26 - Group 1 Automotive, Inc. (B1/B+) said that it will redeem all $75.38 million of its outstanding 10 7/8% senior subordinated notes due 2009.
Group 1, a Houston-based automotive retailer, said that the redemption, being carried out at the company's option, will take place on March 1 at a price of 105.438% of the notes' principal amount plus accrued interest.
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