During the year ended December 31, 2001, the Company repurchased US $9.4 million of the 10% Senior Notes for US $9.4 million in cash.
The remaining US$20.l million of 10% Senior Notes were redeemed on June 1, 2004, including a call premium, for 1.05.
We understand that the Company will offer the Exchange Notes and the Guarantees in exchange for up to $415,000,000 aggregate principal amount of its outstanding 10% Senior Notes due 2018 and the related guarantees.We have examined the Registration Statement and the Indenture, which Indenture we understand has been filed with the Commission as an exhibit to the Registration Statement.
Represents stock compensation expense related to stock option variable accounting and the issuance of common stock, additional incentive compensation to certain key employees in recognition of our improved financial performance and the successful completion of the offering of our 10% Senior Notes Due 2012 and includes cash payments in 2003 to holders of our capital stock for certain tax liabilities incurred upon the sale of capital stock in connection with our acquisition by Behrman Capital III, L.P.
The proceeds of this issue were used to redeem US$95.5 million of the 10% Senior Notes due June 1, 2009, including a call premium for 1.0725; the $30 million 8% Subordinated Debentures due June 15, 2006, and the $30 million Class II preferred shares during the first quarter of 2004.
More definitions of 10% Senior Notes
10% Senior Notes means the Issuer’s 10% Senior Notes due 2013 as the same may be outstanding from time to time.