RailAmerica to redeem $74 million 9¼% senior secured notes on Jan. 5

By Ashley Montgomery

Kansas City, Kan., Dec. 7 - RailAmerica, Inc. will redeem $74 million of its 9¼% senior secured notes due 2017 on Jan. 5, the company said in a news release

The notes will be redeemed at 103 plus accrued interest to the redemption date.

Following the transaction, there will be $518 million outstanding, the release said.

Jacksonville, Fla.-based RailAmerica owns and operates short line and regional freight railroads in North America.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.