S&P: Valmont unchanged

Standard & Poor's said the BBB- rating on Valmont Industries Inc.'s 6.625% senior notes due 2020 remains unchanged since it added on $150 million to the notes.

The total issue is now $450 million.

The proceeds will be used to finance the redemption of Valmont's outstanding 6.875% senior subordinated notes due May 2014 at a redemption price of 101.1%, S&P said.

Its BBB- corporate credit rating is unchanged.

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