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Article: Comdisco Completes Sale of Leasing Operations in France and Makes Additional Partial Redemption of $100 Million of Its 11% Subordinated Secured Notes.
- Article from:
- Business Wire
- Article date:
- December 23, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
ROSEMONT, Ill.--(BUSINESS WIRE)--Dec. 23, 2002
Comdisco Holding Company, Inc. (OTC:CDCO) announced today that it has received all necessary regulatory approvals and has completed the sale of its French leasing operations, Comdisco France S.A. and Promodata SNC, to Belgium-based computer services provider Econocom Group for approximately $70 million. Comdisco previously announced the sale to Econocom on October 18, 2002.
The Company also announced that it will make an optional partial redemption of $100 million principal amount of its 11% Subordinated Secured Notes due 2005. The outstanding principal amount of the Subordinated ...