HSN calls all $250 million 11¼% notes due 2016 for August redemption

By Ashley Montgomery

Kansas City, Kan. June 4 - HSN, Inc. will redeem all of its $250 million 11¼% senior notes due 2016, according to a news release.

The notes will be redeemed on Aug. 1 at 105.625, plus accrued interest to the redemption date.

The company said it would fund the redemption with a draw on its term loan and cash on hand.

Bank of New York Mellon Trust Co., NA is the trustee.

HSN is an interactive multi-channel retailer that markets and sells third-party and private-label merchandise directly to consumers. The company is based in St. Petersburg, Fla.

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