RailAmerica, Inc. Announces Plan to Redeem $74 million of 9.25% Senior Secured Notes

Railroadforums.com is a free online Railroad Discussion Forum and Railroad Photo Gallery for railroaders, railfans, model railroaders and anyone else who is interested in railroads. We cover a wide variety of topics, including freight trains, passenger and commuter railroads, rail news and information, tourist railroads, railway museums and railroad history.

RSS Feed

Automated RSS Reader
PDF format 

JACKSONVILLE, Fla., Dec. 6, 2011 /PRNewswire/ -- RailAmerica, Inc. (NYSE: 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.  
In connection with early retirement of the indebtedness, the Company will incur charges of approximately $7 millio...


RailroadForums.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com

RailroadBookstore.com - An online railroad bookstore featuring a curated selection of new and used railroad books. Railroad pictorials, railroad history, steam locomotives, passenger trains, modern railroading. Hundreds of titles available, most at discount prices! We also have a video and children's book section.

ModelRailroadBookstore.com - An online model railroad bookstore featuring a curated selection of new and used books. Layout design, track plans, scenery and structure building, wiring, DCC, Tinplate, Toy Trains, Price Guides and more.

Affiliate Disclosure: We may receive a commision from some of the links and ads shown on this website (Learn More Here)