DRS calls $12.09 million 6 5/8% notes, $5.05 million 7 5/8% notes

By Melissa Kory

Cleveland, June 3 - DRS Technologies, Inc. said it will redeem its $12,085,850 of 6 5/8% senior notes due Feb. 1, 2016 and $5,045,000 of 7 5/8% senior subordinated notes due Feb. 1, 2018 on June 17.

The 6 5/8% notes will be redeemed at 103.313 plus accrued interest to the redemption date. The 7 5/8% notes will be redeemed at 103.813 plus accrued interest.

Bank of New York Mellon is the redemption agent.

DRS Technologies is a Parsippany, N.J., supplier of products and services to the military, government agencies and prime contractors.

© 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.