Legrand to redeem all $350 million 10½% notes, €277.5 million 11% notes

By Jennifer Chiou

New York, Jan. 13 - Legrand, SA announced the redemption of all its $350 million of 10½% notes due 2013 and €277.5 million of 11% notes due 2013.

The redemption date is Feb. 15.

The company said it will pay par plus a premium defined in the notes' indentures as well as accrued interest to the redemption date.

The Limoges, France, company said it will use proceeds from a new five-year €2.2 billion credit facility for the redemptions.

Legrand specializes in products and systems for electrical installations and information networks.

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