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Finova Group to prepay $118.7 million of 7½% notes
Pittsburgh, Oct. 1 - The Finova Group Inc. will prepay $118.7 million of its 7½% senior secured notes due 2009 with contingent interest due 2016, according to an 8-K filed with the Securities and Exchange Commission.
The prepayment will be made on Nov. 15 to holders of record as of 5 p.m. ET on Nov. 5.
Including the November prepayment, Finova will have prepaid 27% of the $2.97 billion principal amount outstanding as of Dec. 31, 2003, the release said.
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