Vista Outdoor to redeem $350 million 5 7/8% notes due 2023

By Taylor Fox

New York, Feb. 10 – Vista Outdoor Inc. plans to redeem its $350 million 5 7/8% senior notes due 2023, according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed March 12 at a price of 101.46875 plus interest.

The redemption of the notes is conditioned upon Vista receiving, on or prior to the redemption date, proceeds of at least $330 million from new indebtedness to be incurred after the notice date.

U.S. Bank NA is a trustee.

Vista Outdoor is an outdoor sports and recreation products company headquartered in Anoka, Minn.

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