Kinetic to call its 7 3/8% notes

By Susanna Moon

Chicago, July 20 - Kinetic Concepts, Inc. said it plans to redeem the remaining $68.1 million of its 7 3/8% senior subordinated notes due August 2013.

The company said it also would repay the outstanding balance of $114.1 million on its senior credit facility due August 2010.

The funding for the redemption and the repayment will come from a $500 million revolving credit facility due July 2012, which is expected to close July 31.

Kinetic is a San Antonio, Texas-based medical device company.

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