Vector uses convertible proceeds to redeem 10% notes due 2006

By Ted A. Knutson

Washington, Nov. 23 - Vector Group Ltd. said Tuesday it used proceeds from its convertibles offering this month to redeem at par the remaining $63 million in 10% senior secured notes due March 31, 2006 issued by its VGR Holding Inc. subsidiary.

The total redemption price, together with accrued and unpaid interest, was $65.17 million.

Vector, a Miami-based tobacco company, made the announcement in an 8-K filing with the Securities and Exchange Commission.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.