Leucadia National to redeem its 8 1/8% senior notes via new offering

By Tali David

Minneapolis, Oct. 15 - Leucadia National Corp. plans to repurchase and/or redeem its $455,949,000 of 8 1/8% senior notes due Sept. 15, 2015 with the proceeds of a new 10-year senior notes offering, according to a 424B5 filing with the Securities and Exchange Commission.

Proceeds will also be used for general corporate purposes.

Pending these specific uses, the company intends to invest the net proceeds in short-term investment-grade obligations.

Leucadia is based in New York and engages in manufacturing, telecommunications, property management and services, gaming entertainment, real estate activities, medical product development and winery operations.

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