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Prospect News home > News index > List of issuers B > Headlines for Baldor Electric Co. > News item
Published on 1/26/2011 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Baldor Electric to redeem all $550 million 8 5/8% notes due 2017

By Toni Weeks

San Diego, Jan. 26 - Baldor Electric Co. said it is calling for full redemption its $550 million 8 5/8% senior notes due 2017, according to a news release.

The company said it will redeem the bonds on Feb. 25 at par.

The paying agent is Wells Fargo Bank, NA, Minneapolis office (612 667-9764).

Baldor is a Fort Smith, Ark., manufacturer of industrial electric motors, drives and generators.


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