Doe Run calls outstanding 11¾% notes

By Laura Lutz

Des Moines, Feb. 13 - Doe Run Resources Corp. plans to redeem all of its $18 million outstanding principal amount of 11¾% notes due 2008.

The redemption is scheduled for March 9.

A previous tender offer for the notes was settled on Feb. 5. The company repurchased $165 million of the notes in that offer.

As previously reported, the company announced on Nov. 3 that it would buy back or redeem all of the notes by Feb. 16.

Doe Run is a St. Louis-based metals company.

Note: The Feb. 12 issue of the Prospect News High Yield Daily incorrectly reported the results of Doe Run Resources Corp.'s tender offer for its 11¾% senior notes due 2008.

The company accepted tenders for about $165 million of the notes at the completion of its tender offer on Feb. 5. The remaining $18 million principal amount of notes will be redeemed on March 9, according to a company news release.

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