Vector to call 6.25% convertibles with new deal proceeds

New York, June 27 - Vector Group Ltd. said it plans to redeem the remaining $63.1 million principal amount of its 6.25% convertible subordinated notes due 2008 with proceeds from a new $85 million offering of senior convertible debentures due 2026.

Remaining proceeds will be used for general corporate purposes, the Miami-based tobacco company said.

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