Exide Technologies issues call for $13.93 million 10½% secured notes

By Toni Weeks

San Diego, Jan. 28 - Exide Technologies said it is calling for full redemption its $13,931,000 of 10½% senior secured notes due March 15, 2013, according to a news release.

The company said it will redeem the bonds on March 15 at par.

The paying agent is U.S. Bank, St. Paul office (800 934-6802).

Exide announced on Jan. 25 that it had received tenders for $276,069,000, or 95.2% of the 10½% notes in its offer to buy the securities. The consent deadline was 5 p.m. ET on Jan. 24. Expiration is midnight ET on Feb. 7.

Exide is an Alpharetta, Ga., stored electrical-energy services company.

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