TRAC Intermodal calls $25 million more 11% secured notes due 2019

By Susanna Moon

Chicago, Jan. 27 – TRAC Intermodal LLC issued a redemption notice Friday for another $25 million of its 11% senior secured notes due 2019, according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed at 105.5% of par plus accrued interest to but excluding the redemption date of Feb. 27.

After the redemption, there will be $20 million of the 11% notes left outstanding.

Wells Fargo Bank, NA is the trustee and collateral agent.

TRAC Intermodal is a Princeton, N.J.-based provider of marine and domestic chassis.

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