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Published on 8/10/2011 in the Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

3M to redeem $251.9 million Liquid Yield Option Notes due 2032

By Melissa Kory

Cleveland, Aug. 10 - 3M Co. said that it will redeem its $251,896,000 of Liquid Yield Option Notes due Nov. 21, 2032.

The notes will be redeemed on Sept. 8 at 89.953 plus accrued interest to the redemption date.

Bank of New York Mellon Trust Co., NA is the redemption agent.

The consumer and industrial products company is based in Maplewood, Minn.


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