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Published on 11/10/2010 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Nortek plans to redeem portion of 11% senior secured notes due 2013

By Marisa Wong

Madison, Wis., Nov. 10 - Nortek, Inc. said it plans to redeem or repurchase a portion of its outstanding 11% senior secured notes due 2013.

The repurchase will be funded with proceeds from a $300 million offering of senior notes due 2018.

Nortek is a Providence, R.I.-based diversified building products manufacturer.


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