Leucadia National Corporation to Redeem Its 7-1/8% Senior Notes and 8.65% Junior Subordinated Deferrable Interest Debentures
January 31 2012 - 12:17PM
Business Wire
Leucadia National Corporation (NYSE: LUK) announced today that
it intends to call for redemption on March 15, 2012 (the
“Redemption Date”) all of the aggregate principal amount
outstanding of its 7-1/8% Senior Notes due 2017 (the “Notes”) and
all of the aggregate principal amount outstanding of its 8.65%
Junior Subordinated Deferrable Interest Debentures due 2027 (the
“Debentures”).
The Notes will be redeemed in accordance with the terms of the
Indenture dated as of March 6, 2007 between the Company and The
Bank of New York, as Trustee. The redemption price for the Notes is
103.563% of the principal amount, plus accrued and unpaid interest
(the “Notes Redemption Price”).
The Debentures will be redeemed in accordance with the terms of
the First Supplemental Indenture and the Indenture, each dated as
of January 21, 1997, between the Company and Chase Manhattan Bank,
as Trustee. The redemption price for the Debentures is 102.1395% of
the principal amount, plus accrued and unpaid interest (the
“Debentures Redemption Price”).
The Notes and the Debentures will no longer be outstanding after
the Redemption Date and, other than the right of holders thereof to
receive the Notes Redemption Price or the Debentures Redemption
Price, all rights with respect to the Notes and the Debentures, as
applicable, will cease on the Redemption Date. On and after
March 15, 2012, interest on the Notes and the Debentures
will cease to accrue. The total cash required to redeem the Notes
and the Debentures is approximately $528.3 million, plus accrued
and unpaid interest.
Bank of New York Mellon, the Trustee for the Notes and the
successor Trustee for the Debentures, will be acting as paying
agent.
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