Kansas City Southern to redeem all $98.1 million of 12½% notes

By Tali David

Minneapolis, March 1 - Kansas City Southern subsidiary Kansas City Southern de Mexico, SA de CV plans to redeem all $98.1 million of its 12½% senior notes due 2016, according to a press release.

The notes will be redeemed at 106.25 on April 1.

The company expects to finance the redemption of the notes using a combination of cash on hand and borrowings from its revolving credit facility.

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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