US-based space technology manufacturer GenCorp is seeking to redeem all of its outstanding 9.5% senior subordinated notes due 2013.
The company has approximately US$74.96m of the notes outstanding as of 23 April and plans to fund the repurchase via cash…
US-based space technology manufacturer GenCorp is seeking to redeem all of its outstanding 9.5% senior subordinated notes due 2013.
The company has approximately US$74.96m of the notes outstanding as of 23 April and plans to fund the repurchase via cash on hand. The deadline for the redemption is 23 May 2012.
As of 29 February 2012, the company had US$124.3m in net debt, split between the 9.5% senior subordinated notes and a US$49.4m term loan. GenCorp also has US$200m of 4.0625% convertible subordinated debentures.
