BAE Systems gets consents to redeem $765.68 million 6.879% bonds

By Angela McDaniels

Tacoma, Wash., June 16 - BAE Systems plc said the holders of its $765,680,654 of 6.879% (option aircraft) bonds due Sept. 10, 2013 consented to amendments to the terms of the bonds that will allow the company to redeem them.

The amendments became effective on Jun 15, and the issuer will notify the bondholders of the redemption date, according to a company news release.

The redemption is being made in connection with the sale of BAE Systems (Operations) Ltd.'s aircraft management business and the Trident aircraft-owning entities.

BAE Systems is a London-based defense contractor.

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