TAMPA, Fla., June 17, 2013 (GLOBE NEWSWIRE) -- Quality Distribution, Inc. (Nasdaq:QLTY) 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"), have issued notice that they will redeem $22.5 million in aggregate principal amount of their 9.875% Second-Priority Senior Notes due 2018 (the "2018 Notes") on July 15, 2013 (the "Redemption Date"). The redemption price for the 2018 Notes will be equal to 100% of the aggregate redemption amount of $22.5 million (plus accrued but unpaid interest up to the Redemption Date) plus a 3.0% premium. Net proceeds from the Term Loan Facility described below, plus borrowings under QD LLC's existing revolving ABL credit facility and/or cash on hand, will fund the redemption.
Quality Distribution, Inc. Announces Intention To Redeem $22.5 Million Of Second-Priority Senior Notes
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