Yankee Candle to redeem $315 million of 8½% senior notes due 2015

By Tali David

Minneapolis, March 14 -Yankee Candle Co., Inc. plans redeem an additional $315 million of its 8½% senior notes due 2015, the company announced in a press release.

Yankee Candle had issued a previous notice on March 2 to redeem $180 million of the notes.

Both redemptions are conditional upon the increase in size of the company's existing term loan.

Yankee Candle is a South Deerfield, Mass.-based designer, manufacturer, wholesaler and retailer of scented candles.

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