American Seafoods to use delayed-draw term loan, revolver borrowings for bond redemption

By Sara Rosenberg

New York, March 30 - American Seafoods Group LLC plans to use its $180 million delayed-draw term loan and $3.9 million of revolver borrowings to fund the redemption of its 10 1/8% senior subordinated notes due 2010, according to an 8-K filed with the Securities and Exchange Commission Thursday.

The loan draw downs are expected to occur on or before April 26 and the bond redemption date is April 27.

American Seafoods is a Seattle-based integrated seafood company.

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