Valassis Communications redeems remaining 6 5/8% notes at 114

By Marisa Wong

Madison, Wis., April 16 - Valassis Communications, Inc. said it redeemed on Wednesday all of its remaining 6 5/8% senior notes due 2021.

The outstanding notes were redeemed at a price of 114 plus accrued interest, according to a notice.

Wells Fargo Bank, NA is the trustee.

As reported, Harland Clarke Holdings Corp. completed a tender offer for Valassis' 6 5/8% notes in February.

Holders had tendered $244,979,000 principal amount, or 94.62%, of the $258.9 million of 6 5/8% notes that were outstanding at the beginning of the offer.

Valassis is a Livonia, Mich.-based provider of media solutions. Harland Clarke is a San Antonio-based provider of payment, marketing and security services.

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