TAMPA, Fla., Dec. 21, 2010 (GLOBE NEWSWIRE) -- Quality Distribution, Inc. (Nasdaq:QLTY) ("Quality") announced today that its wholly owned subsidiaries, Quality Distribution, LLC ("QD LLC") and QD Capital Corporation ("QD Capital" and, together with QD LLC, the "Issuers") intend to redeem a portion of their 11.75% Senior Subordinated PIK Notes due 2013 (the "2013 PIK Notes"). The Issuers have issued a notice of redemption pursuant to the indenture for the 2013 PIK Notes stating that they intend to redeem $9,965,000 aggregate principal amount of such 2013 PIK Notes on January 20, 2011 (the "Redemption Date"). The redemption price for the 2013 PIK Notes will be equal to 100% of the principal amount of the 2013 PIK Notes plus accrued and unpaid interest thereon to the Redemption Date.
Quality Distribution, LLC And QD Capital Corporation Announce Redemption Of $9.97 Million Of 11.75% Senior Subordinated PIK Notes Due 2013
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