Sotheby's plans to call $100 million in 6 7/8% notes

By Devika Patel

Knoxville, Tenn., June 9 - Sotheby's said in a press release it will use part of the proceeds from its planned offerings of $150 million in senior unsecured convertible notes due 2013 and $150 million in senior unsecured notes due 2015 to redeem its $100 million of existing 6 7/8% notes due 2009.

New York's Sotheby's is an auctioneer of fine art, antiques and decorative art, jewelry and collectibles.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.