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Published on 5/5/2009 in the Prospect News High Yield Daily.

Steinway Musical Instruments buys back bonds to the tune of $11 million at a discount

By Devika Patel

Knoxville, Tenn., May 5 - Steinway Musical Instruments, Inc. repurchased $11 million of its bonds in the first quarter at "a significant discount," according to a company earnings report.

The company is a Waltham, Mass., musical instrument manufacturer.


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