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Prospect News home > News index > List of issuers T > Headlines for Tenders 2009 > News item |
Silverleaf buys back $1.6 million of 8% notes
By Devika Patel
Knoxville, Tenn., March 10 - Silverleaf Resorts, Inc. retired $1.6 million of its 8% senior subordinated notes due April 2010 in the fourth quarter of 2008, according to a 10-K filed Tuesday with the Securities and Exchange Commission.
The notes were bought back for $1.3 million, resulting in gains of about $250,000.
The company may seek to retire more of the senior subordinated notes in future transactions.
Silverleaf is a Dallas-based owner and operator of timeshare resorts.
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