Nortek calls $86.75 million 11% senior secured notes due 2013

By Melissa Kory

Cleveland, April 27 - Nortek, Inc. said it will redeem $86,752,920 of its 11% senior secured notes due 2013.

Nortek will redeem $75 million of the notes on May 11 at 103 plus accrued interest and $11,752,920 of the notes on June 1 at 105 plus accrues interest.

Following the redemptions, none of the notes will remain outstanding.

U.S. Bank, NA is the redemption agent.

Nortek is a Providence, R.I.-based manufacturer of residential and commercial ventilation, HVAC and home technology convenience and security products.

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