TRW Automotive buys back $12 million of 7% notes

By Laura Lutz

Des Moines, April 30 - TRW Automotive Holdings Corp. repurchased $12 million principal amount of its 7% senior notes on March 18, according to a 10-Q filing with the Securities and Exchange Commission.

The company said it recorded a gain on retirement of debt of $1 million.

Funding for the repurchase came from cash on hand.

TRW is an automotive parts maker based in Livonia, Mich.

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