General Donlee Canada Inc. Announces Completion of Partial Redemption of 7% Convertible Debentures due June 30, 2014

TORONTO, June 13, 2012 /CNW/ - General Donlee Canada Inc. ("General Donlee" or the "Company") (TSX: GDI) today announced that it has completed the previously announced partial redemption of its 7% convertible unsecured subordinated debentures maturing June 30, 2014 (the "Debentures") for an aggregate principal amount of $20,000,000. The Company paid to the holders of redeemed Debentures a redemption price (the "Redemption Price") equal to the principal amount of redeemed Debentures, plus accrued and unpaid interest up to but excluding the redemption date, for a total of $1,031.45 per $1,000 principal amount of Debentures. Debentures in an aggregate principal amount of $24,994,000 remain outstanding following the redemption. The Company used its new term credit facility to pay the Redemption Price of the redeemed Debentures.

About General Donlee Canada Inc.

General Donlee Canada Inc. is a leading diversified manufacturer of precision-machined products for the military, commercial and general aerospace industries, and a specialist in the manufacture of precision-machined products for the industrial products and power generation industries. General Donlee's operating strategy focuses on targeting niche markets for products that are aligned with its sophisticated manufacturing capabilities and skilled workforce.

SOURCE General Donlee Canada Inc.

For further information:

Garen Mikirditsian
President & Chief Executive Officer
Interim Chief Financial Officer
Telephone: (416) 743-4417
E-mail:  info@generaldonlee.com
Web site: www.generaldonlee.com

Profil de l'entreprise

General Donlee Canada Inc.

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.