CHICAGO, June 11 /PRNewswire/ -- Borg-Warner Security Corporation
(NYSE: BOR) announced today it has given notice of redemption for its 9.125%
senior subordinated notes due 2003. Terms of the redemption are:
Redemption Date: July 3, 1998
Par Amount: $150 million
Redemption Price: 104.562 plus accrued interest
(May 1, 1998 - July 3, 1998)
Redemption Agent: First Chicago NBD
Corporate Trust Administration
Borg-Warner Security Corporation is North America's largest provider of
security services. The company offers a complete range of services, including
electronic and physical security services under the Wells Fargo and Burns
brand names.
For a copy of this press release or for additional information on the
company, contact our web site at http://www.Borg-WarnerSecurity.com.
SOURCE Borg-Warner Security Corporation
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Related links:
http://www.Borg-WarnerSecurity.com
Company News On-Call: http://www.prnewswire.com or
fax, 800-758-5804, ext. 120940
CONTACT:
Jeff Cartwright of Borg-Warner Security,
312-322-8836
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