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Prospect News home > News index > List of issuers T > Headlines for Tenders 2004 > News item |
Vector uses convertible proceeds to redeem 10% notes due 2006
By Ted A. Knutson
Washington, Nov. 23 - Vector Group Ltd. said Tuesday it used proceeds from its convertibles offering this month to redeem at par the remaining $63 million in 10% senior secured notes due March 31, 2006 issued by its VGR Holding Inc. subsidiary.
The total redemption price, together with accrued and unpaid interest, was $65.17 million.
Vector, a Miami-based tobacco company, made the announcement in an 8-K filing with the Securities and Exchange Commission.
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