Neenah Paper to redeem all 7 3/8% notes due 2014 via notes proceeds

By Toni Weeks

San Luis Obispo, Calif., May 23 - Neenah Paper, Inc. issued a call to fully redeem its 7 3/8% senior notes due 2014, according to a press release.

The company will redeem the notes at par plus accrued interest to the redemption date, which is expected to be June 24.

The redemption will be financed with a portion of the proceeds from the company's recent $175 million private offering of 5¼% senior notes due 2021.

Bank of New York Mellon Trust Co., NA is the trustee.

Neenah is an Alpharetta, Ga.-based producer of paper and technical products.

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