Mueller Water Products, Inc. Calls for Partial Redemption of Its 8.75% Senior Unsecured Notes
January 23, 2013 at 02:44 pm
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Mueller Water Products, Inc. announced that it has delivered a notice to exercise the option to redeem 10% of its 8.75% senior unsecured notes due 2020, CUSIP No. 624758 AD0. The notice is for redemption of $22.5 million aggregate principal amount of the $202.5 million principal amount owed on the Notes.
The redemption price is 103% of the principal amount redeemed, plus accrued and unpaid interest. The redemption date will be February 22, 2013.
Mueller Water Products, Inc. is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. The Company's product and service portfolio includes engineered valves, fire hydrants, pipe connection and repair products, metering products, leak detection, pipe condition assessment, pressure management products, and software technology that provides critical water system data. The Company operates through two segments: Water Flow Solutions and Water Management Solutions. Its Water Flow Solutions segment's portfolio includes iron gate valves, specialty valves and service brass products. Its Water Management Solutions segment's portfolio includes fire hydrants, repair and installation, natural gas, metering, leak detection, and pressure management and control products and solutions. Its brands include Canada Valve, Centurion, Echologics, Echoshore, ePulse, Ez-Max, Hersey, Hydro Gate, Hydro-Guard, HYMAX and others.
MUELLER WATER PRODUCTS, INC. 
