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New York Times may redeem 14.053% notes in January 2012 at 105
By Marisa Wong
Madison, Wis., Oct. 19 - New York Times Co. said its $250 million of 14.053% notes due 2015 may be called for redemption on or after Jan. 15, 2012.
The notes would be called at an initial redemption price of 105 plus accrued interest.
The New York-based media company said it plans to repay or refinance the notes at the earliest date possible after Jan. 15, 2012, depending on available financing or other sources of cash at that time.
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