RailAmerica, Inc. Announces Plan to Redeem $74 million of 9.25% Senior Secured Notes

Mr. RSS Dec 7, 2011

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    PDF format JACKSONVILLE, Fla., Dec. 6, 2011 /PRNewswire/ -- RailAmerica, Inc. (NYSE: RA) today announced that it is redeeming $74 million of its 9.25% Senior Secured Notes on January 5, 2012, in accordance with the terms of the indenture. The notes will be redeemed at a redemption price of 103% of the principal amount of the notes being redeemed, plus accrued interest up to but not including, January 5, 2012. Upon completion of the redemption, $518 million aggregate principal amount of the senior secured notes will remain outstanding. In connection with early retirement of the indebtedness, the Company will incur charges of approximately $7 millio...

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