Friday, September 04, 2009 9:38:38 AM
Tuesday , September 01, 2009 05:19ET
Sep 01, 2009 (M2 EQUITYBITES via COMTEX) -- Mini-mill steel producer Gerdau Ameristeel Corp (NYSE:GNA) (TSX:GNA) declared on Monday the completion of the redemption of its USD405m 10 3/8% senior notes due 2011.
The senior notes were reportedly redeemed at a redemption price of USD417.627m, representing 101.792% of the outstanding principal amount plus accrued interest to the redemption date.
The redemption price was paid entirely with cash and the notes were paid in full and are no longer outstanding.
"It was the best of times, it was the worst of times; it was the age of wisdom, it was the age of foolishness;
-- Charles Dickens
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