JACKSONVILLE, Fla., May 21, 2012 /PRNewswire/ -- RailAmerica, Inc. (NYSE: RA) today announced that it is redeeming $74 million of its 9.25% Senior Secured Notes on June 25, 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, June 25, 2012. ¤Upon completion of the redemption, no principal amount of the senior secured notes will remain outstanding. ¤ In connection with the early retirement of the indebtedness, the Company will incur charges of approximately $5.6 million pre-tax, or $3.5 million after tax, in the second quarter of 2012... More...
