Trailer Bridge repurchases some debt
Trailer Bridge repurchases dome debt at discount
- On 4:00 pm EDT, Tuesday September 1, 2009
JACKSONVILLE, Fla. (AP) -- Trucking and marine freight services company Trailer Bridge Inc. said Tuesday it has repurchased $1 million of its 9.25 percent senior secured notes maturing on Nov. 15, 2011, at $0.905 cents on the dollar.
The transaction will be accounted for as a $1 million retirement of debt.
The $95,000 difference between the retirement price and the carrying amount will be recorded as an ordinary gain on extinguishment of debt, the company said in a statement.
Sponsored Links
-
Trade Stocks? Try Currency Trading
Trade in a highly trending market 24-hrs a day, 5.5 days a week. GFT. -
Earn From 1.90% to 2.20% Apply Online
With GE Capital Corporation. Not An Offer Of Securities For Sale.
-
Buy Stocks for $4
No account or investment minimums. No inactivity fees. Start Today. -
Super Cheap Car Insurance
Get Discount Car Insurance Quotes Online – Rates from $15 / Month.
Tech Ticker Recent Posts
Add Alert Copyright © 2009 The Associated Press. All rights reserved. The information contained in the AP News report may not be published, broadcast, rewritten, or redistributed without the prior written authority of The Associated Press.