In accordance with the indenture government the 2016 notes the trustee delivered a notice of redemption to each holder of the notes on September 25.
The 2016 notes will be redeemed at a redemption price equal to the principal amount plus accrued and unpaid interest up to, but excluding, the redemption date and a “make whole” premium calculated in accordance with the indenture.
Joy expects to finance the 2016 notes redemption with a mix of cash on hand and borrowings under the company’s unsecured revolving credit facility.
