Buckeye Technologies to redeem $20 million 8% notes

By Devika Patel

Knoxville, Tenn., Aug. 28 - Buckeye Technologies Inc. announced it plans to redeem $20 million of its outstanding 8% series senior subordinated notes due 2010.

Upon completion of this redemption, $130 million of the notes will remain outstanding.

The Memphis-based manufacturer of specialty fibers and nonwoven materials will finance the redemption using proceeds from its new $200 million revolving credit facility.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.