Douglas Dynamics plans to redeem 7¾% senior notes via IPO proceeds

By Jennifer Chiou

New York, Jan. 29 - Douglas Dynamics LLC intends to use partial proceeds from its $150 million initial public offering of common stock to redeem its 7¾% senior notes due Jan. 15, 2012, according to an S-1 filed with the Securities and Exchange Commission.

Proceeds will also go towards the related redemption premium.

The anticipated redemption date is slated for 30 days following the close of the offer.

Douglas Dynamics is a Milwaukee, Wis., manufacturer, seller and supporter of snow and ice control equipment.

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