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Prospect News home > News index > List of issuers R > Headlines for RailAmerica Inc. > News item
Published on 5/21/2012 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

RailAmerica to redeem remaining $74 million of 9¼% notes due 2017

By Tali David

Minneapolis, May 21 - RailAmerica, Inc. will redeem $74 million of its 9¼% senior secured notes due 2017, according to a press release

The notes will be redeemed at 103 plus accrued interest on June 25.

Once the redemption is complete, no principal amount of the notes will remain outstanding.

Jacksonville, Fla.-based RailAmerica owns and operates short-line and regional freight railroads in North America.


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