June 15, 2010 (FinancialWire) — Douglas Dynamics, Inc. (NYSE: PLOW), a North American company in that designs, manufactures and sells snow and ice control equipment for light trucks, said it has completed the redemption of all of its 7.75% senior notes due January 15, 2012 at a price equal to 101.9% of the $150.0 million principal amount of the notes, plus accrued interest to the redemption date.

On June 9, 2010, proceeds from the increase in the company's term loan, together with the proceeds from the recent IPO and cash on hand, were used to redeem the 7.75% senior notes, including the accrued and unpaid interest of $4.7 million and associated redemption premium of $2.9 million for a total of $157.6 million. U.S. Bank National Association, trustee in respect to the notes, processed the transmittal of the redemption notice to the holders of record of the notes that were redeemed.

Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate (at http://investrend.stocksmart.com/ss/html/hpcompany.html). Current valuation analysis research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate (at http://www.valuengine.com/rep/searchsrep?pid=42&srchfor=).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

[frlylrf] [fnncngj] [asstsllffs] [btnwswntb] [qpmntnpq] [atmtvcrs] [chngmdmgn] [cntntntnt] [hyprbl]

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.