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Steinway Completes Bond Redemption

Christian Wissmuller by Christian Wissmuller
July 16, 2013
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Steinway Musical Instruments, Inc. (NYSE: LVB) has announced that it has completed its previously announced redemption of $67.5 million in aggregate principal amount of its 7% Senior Notes due 2014.  With the completion of this transaction, Steinway has repurchased or redeemed all of its long-term debt.

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