Railamerica Reports Plan to Redeem $74M of 9.25% Senior Secured Notes

RailAmerica RA today announced that it is redeeming $74 million of its 9.25% Senior Secured Notes on January 5, 2012, in accordance with the terms of the indenture. The notes will be redeemed at a redemption price of 103% of the principal amount of the notes being redeemed, plus accrued interest up to but not including, January 5, 2012.  Upon completion of the redemption, $518 million aggregate principal amount of the senior secured notes will remain outstanding.