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Outerwall announces $300 million seven-year notes to refinance loans
By Paul A. Harris
Portland, Ore., June 2 - Outerwall Inc. announced that it intends to offer $300 million of seven-year senior notes via Rule 144A and Regulation S.
Proceeds will be used to repay bank debt, with a portion of the proceeds possibly set aside for general corporate purposes which may include but are not limited to maintenance or repayment of other outstanding debt, acquisitions or other investments, and the payment of other corporate expenses, the company said in a press release.
Outerwall is a Bellevue, Wash.-based kiosk retail services provider.
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