WETTERAU FINANCE CO. CALLS FOR REDEMPTION OF ITS 9 PERCENT SUBORDINATED NOTES ON MARCH 6, 1992
WETTERAU FINANCE CO. CALLS FOR REDEMPTION OF
ITS 9 PERCENT SUBORDINATED NOTES ON MARCH 6, 1992
ST. LOUIS, Feb. 5 /PRNewswire/ -- Wetterau Finance Co. has announced that it is calling for redemption all of its outstanding 9 percent subordinated notes due Sept. 1, 1993. The total principal amount of the notes to be called is $4,008,000.
The notes will be redeemed on March 6, 1992 at a price of $1,000 principal amount, plus accrued interest to the redemption date of $1.25, for a total of $1,001.25.
Wetterau Finance Co., a wholly owned financing and leasing subsidiary of Wetterau Incorporated (NASDAQ: WETT), is calling the notes to reduce interest costs and take advantage of the decline in interest rates and the availability of attractive refinancing alternatives.
/CONTACT: Dick N. Dalton, senior vice president, communications and strategic planning, 314-595-4757 or Ronald S. Humiston, first vice presi ST: Missouri IN: SU: AH -- NY041 -- 7184 02/05/92 12:22 EST