Biglari Holdings redeems $22.63 million of 14% subordinated debentures

By Toni Weeks

San Diego, March 31 - Biglari Holdings Inc. redeemed all $22,628,000 of its 14% subordinated debentures due 2015 on March 30, according to an 8-K filed Thursday with the Securities and Exchange Commission.

The debentures, which were called on Feb. 22, were redeemed with cash at a redemption price of $1,035 per $1,000 principal amount.

Formerly Steak 'n Shake, Houston-based Biglari is a holding company with operating subsidiaries in restaurant operations and investment management.

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