Bristol aerospace manufacturer and logistics services vendor Barnes Group Inc. will redeem in April the remaining $92.5 million of outstanding senior debt.
Barnes said trustee The Bank of New York Mellon Trust Co. will oversee the cash redemption, effective April 5, of its 3.75 percent convertible senior subordinated notes due 2025. The notes are convertible to Barnes stock.
The company says it will tap its bank line of credit to finance the redemption.
