Thermon calls $24.6 million of 9½% senior secured notes due 2017

By Melissa Kory

Cleveland, July 11 - Thermon Industries, Inc. said it will redeem $24.6 million of its $168 million of 9½% senior secured notes due 2017.

The notes will be redeemed on Aug. 8 at 109.5 plus accrued interest to the redemption date.

The redemption will be funded with proceeds received from the initial public offering of Thermon Group Holdings, Inc. common stock.

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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