Standard Commercial buys back $2 million senior notes

New York, Nov. 7 - Standard Commercial Corp. said its Standard Commercial Tobacco Co. unit bought back $2 million of its 8 7/8% senior notes due 2005 in the six months to Sept. 30, 2001.

The repurchases were financed from internally generated working capital, the Wilson, N.C. company said in a filing with the Securities and Exchange Commission. Its filing for the previous quarter made no mention of repurchases.

Standard Commercial added that working capital at Sept. 30 was $212.0 million, compared to $193.6 million a year earlier, mostly due to contributions from operating activities.

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