Thermon issues call to redeem 10% of its 9½% secured notes due 2017

By Toni Weeks

San Diego, March 31 - Thermon Industries, Inc. has issued a call to redeem $21 million of its $210 million of 9½% senior secured notes due 2017, according to a company announcement.

The redemption will occur on April 29 at a redemption price of 103 plus accrued interest to the redemption date.

The San Marcos, Texas-based industrial company provides heat tracing services for global infrastructure end markets, which include energy, chemical processing, power generation and industrial and commercial infrastructure.

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