Kansas City Southern de Mexico calls 12½% notes

By Jennifer Chiou

New York, May 16 - Kansas City Southern said that its wholly owned subsidiary, Kansas City Southern de Mexico, SA de CV, intends to redeem its 12½% senior notes due 2012 using proceeds from a $165 million offering of 7 3/8% senior notes due 2014 in addition to borrowings from a $30 million bank term loan and available cash on hand.

The company will redeem the $180 million of securities at 106.25% plus accrued interest to the June 15 redemption date. The accrued interest will amount to $11.25 million.

Kansas City Southern is a Kansas City, Mo.-based railroad company. Kansas City Southern de Mexico operates in northeastern and central Mexico.

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