Norcraft intends to redeem all 10½% second-lien notes on Dec. 15

By Tali David

Minneapolis, Oct. 7 - Norcraft Cos., Inc. plans to redeem all of Norcraft Cos., LP's outstanding 10½% senior secured second-lien notes due 2015 on or shortly after Dec. 15, according to an S-1 filed with the Securities and Exchange Commission.

The notes, which were originally issued in the amount of $240 million, will be redeemed at 102.625 plus accrued interest to the redemption date.

The redemption will be financed with the proceeds from the company's proposed debt refinancing and a initial public offering of common stock.

Norcraft is a cabinetry company based in Eagan, Minn.

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