Quality Distribution subsidiaries to redeem $22.5 million 9 7/8% notes

By Tali Rackner

Norfolk, Va., June 16 – Quality Distribution, Inc. wholly owned subsidiaries Quality Distribution, LLC and QD Capital Corp. plan to redeem $22.5 million of their 9 7/8% second-priority senior notes due 2018, according to a press release.

The notes will be redeemed at par plus accrued interest and a 3% premium on July 16.

Borrowings under Quality Distribution’s existing revolving ABL credit facility and/or cash on hand will be used to fund the redemption.

Quality Distribution is a Tampa, Fla.-based chemical bulk tank truck operator.

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