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Published on 8/7/2008 in the Prospect News High Yield Daily.

Yankee Candle repurchases $12 million of its senior subordinated notes

By Devika Patel

Knoxville, Tenn., Aug. 7 - Yankee Candle Co. Inc. announced it paid $9.5 million plus accrued interest of $400,000 to repurchase $12 million of its senior subordinated notes in the open market.

In connection with this early repurchase, the company recorded a net gain of $2.1 million.

Yankee Candle is a South Deerfield, Mass., scented candle company.


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