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Kansas City Southern use revolver borrowings to redeem 12½% notes
By Tali David
Minneapolis, March 1 - Kansas City Southern subsidiary Kansas City Southern de Mexico, SA de CV plans to use borrowings from its revolving credit facility to redeem all $98.1 million of its 12½% senior notes due 2016, according to a press release.
The company will also use cash on hand to help fund the April 1 redemption.
U.S. Bank NA is the trustee.
Kansas City Southern is a Kansas City, Mo.-based transportation holding company that has railroad investments in the United States, Mexico and Panama.
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