Kabel Deutschland calls $465 million 10 5/8% senior notes due 2014

By Melissa Kory

Cleveland, Dec. 3 - Kabel Deutschland Holding AG announced that it will redeem $465 million of its $610 million of 10 5/8% senior notes due 2014.

The notes will be redeemed on Dec. 17 at 103.542.

The redemption will be fulfilled using existing liquidity and will result in pro forma annual interest savings of about €30 million per annum for the company.

Kabel Deutschland is a Bonn, Germany-based cable TV and internet services provider.

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