Lone Star Technologies to redeem 9% notes

New York, April 25 - Lone Star Technologies Inc. said it will redeem its $150 million of 9% senior subordinated notes in early June.

The securities become callable on June 1 at a price of 104.5 plus accrued interest.

Lone Star's directors authorized the redemption at a meeting on April 24.

The company is a Dallas-based manufacturer of oilfield casing, tubing, couplings and line pipe, specialty tubing products and flat rolled steel and other tubular products.

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