Advanstar Communications Inc. Announces Commencement of Full Redemption to Holders of Second Priority Senior Secured Floating Rate Notes Due 2008.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , N.Y. -- Advanstar Communications Inc. ("Advanstar") today announced that it has notified the trustee that it intends to redeem all of its outstanding Second Priority Senior Secured Floating Rate Notes Due 2008 (the "Notes"). The redemption date Redemption date The date on which a bond matures or is redeemed. redemption date The date on which a debt security is scheduled to be redeemed by the issuer. The redemption date is the scheduled maturity date or, if applicable, a call date. for the Notes will be August 15, 2006. The redemption will occur after payment of interest on the Notes on August 15, 2006. The redemption price Redemption price See: Call price redemption price 1. The price at which an open-end investment company will buy back its shares from the owners. In most cases, the redemption price is the net asset value per share. 2. for the Notes is $9,822,250 or $1,000 per $1,000 principal amount of Notes. Persons with questions regarding the redemption of the Notes should contact David Montgomery David Montgomery (1927) is Farnam Professor of History Emeritus at Yale University. Montgomery is considered one of the foremost academics specializing in United States labor history and has written extensively on the subject. , Chief Financial Officer of Advanstar, by telephone at 218-723-9222. About Advanstar Communications Advanstar Communications Inc. (www.advanstar.com) is a leading worldwide media company providing integrated marketing solutions for the Fashion, Life Sciences and Powerports industries. Advanstar serves business professionals and consumers in these industries with its portfolio of 87 expositions and conferences, 58 publications and directories, 125 electronic publications and Web sites, as well as educational and direct marketing products and services. Market leading brands and a commitment to delivering innovative, quality products and services enables Advanstar to "Connect Our Customers With Theirs." Advanstar has approximately 1,000 employees and currently operates from multiple offices in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe. |
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