Hexcel to redeem remaining $73.5 million of its 6¾% notes due 2015

By Tali David

Minneapolis, May 29 - Hexcel Corp. plans to redeem its remaining $73.5 million of 6¾% senior subordinated notes, according to a press release.

The notes, which are due Feb. 1, 2015, will be redeemed at a call premium of 1.125% on June 25.

The redemption will be funded from a $75 million add-on to Hexcel's revolving loan facility, the company said.

Hexcel is a Stamford, Conn.-based advanced composites company.

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