Steinway Announces Partial Redemption of 7.0% Senior Notes Due 2014
Steinway Musical Instruments, Inc. (NYSE: LVB), today announced that it will redeem for cash $85,000,000 aggregate principal amount of the Company's outstanding 7.0% Senior Notes due 2014. The redemption date will be May 2, 2011.
The Company will pay a redemption price of $1,017.50 per $1,000 principal amount of the Notes, plus any accrued and unpaid interest to the redemption date.
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