Steinway to redeem $85 million of 7% senior notes due 2014 on May 2

By Toni Weeks

San Diego, April 1 - Steinway Musical Instruments, Inc. will redeem for cash $85 million of its 7% senior notes due 2014, according to a press release.

The redemption will occur on a pro rata basis on May 2 at a redemption price of $1,017.50 per $1,000 principal amount of notes plus accrued interest.

A notice of partial redemption is being sent to all registered noteholders by the trustee, the Bank of New York Mellon Trust Co., NA (800 254-2826).

Steinway, based in Waltham, Mass., is a manufacturer of musical instruments.

© 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.