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Published on 6/7/2013 in the Prospect News Liability Management Daily and Prospect News Private Placement Daily.

North American Palladium to repay 9¼% notes with term loan proceeds

By Angela McDaniels

Tacoma, Wash., June 7 - North American Palladium Ltd. plans to repay its C$72 million of 9¼% senior secured notes due Oct. 4, 2014, according to a company news release.

The company will uses proceeds from a $130 million term loan to fund the redemption.

Holders will receive a redemption premium.

North American Palladium is a precious metals producer based in Toronto.


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