5 million, excluding the impact of the redemption premium
5% senior subordinated notes due in 2005, pay the related redemption premium
and repay a portion of its existing bank debt.
All funds and securities held in this account are pledged irrevocably to the payment when due of interest on the refunded bonds, the payment of principal and redemption premium
upon redemption, and the payment of escrow agent fees.
All funds and securities held in this account will be used by the escrow agent for the payment of principal, interest and redemption premium
on the refunded bonds, when due at maturity or early scheduled redemption, on July 1, 2012 for the series 2002 bonds and July 1, 2015 for the series 2005 bonds, and escrow agent fees.
7 million to repay the 10% senior subordinated pay-in-kind notes, and pay accrued interest and a related redemption premium
, approximately $55.
5 million principal amount of the notes, accrued interest and an early redemption premium
for a total cost of $161.
Of the $365,000 redemption premium
, approximately $231,000 had been accrued as of the date of the payment.
05 per diluted share) will be recognized related to the redemption premium
and the write-off of unamortized debt issuance costs.
All funds and securities held in this account are pledged irrevocably to the payment of principal, interest and any redemption premium
on the refunded bonds, when due.
11 per share in Lear's fiscal third quarter, relating to the redemption premium
and the write-off of unamortized deferred financing fees.
The escrow agent has agreed to make payments of principal, interest and any redemption premium
, when due, from the escrow trust fund.
The net proceeds from the sale of the notes, estimated to be approximately $387 million, will be used to repay TEPPCO's First Mortgage Notes of approximately $327 million, together with substantially all of the redemption premium
thereon of approximately $70 million.