JLG bought back $12.025 million 8¼% notes

New York, May 26 - JLG Industries, Inc. said it bought back $12.025 million principal amount of its 8¼% senior unsecured notes due 2008 on April 8 using part of the proceeds of an offering of common stock.

The McConnellsburg, Pa., producer of access equipment and telescopic hydraulic excavators paid $13.2 million for the securities, buying them at 106% of par plus accrued interest.

As previously announced, JLG also used $68.1 million of the stock sale proceeds to redeem $61.25 million of its 8 3/8% senior subordinated notes due 2012 using the equity clawback provision.

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