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Prospect News home > News index > List of issuers T > Headlines for Tenders 2007 > News item
Published on 5/14/2007 in the Prospect News High Yield Daily.

Kansas City Southern de Mexico plans to redeem 12½% notes

By Jennifer Chiou

New York, May 14 - Kansas City Southern announced that its subsidiary, Kansas City Southern de Mexico SA de CV, intends to redeem its 12½% senior notes due 2012.

Kansas City Southern de Mexico plans to use proceeds from a proposed offering of $165 million of senior notes due 2014 along with borrowings from a $30 million bank term loan and available cash on hand to fund the redemption.

Kansas City Southern is a railroad company based in Kansas City, Mo.


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