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The company stated that each holder of the notes will have the right to require the partnership to repurchase the notes on 1 March 2012 at 100% of the principal amount thereof, plus accrued and unpaid interest, if any, to the repurchase date.
The net proceeds of approximately USD496.5m are expected to be used by the company to repay a portion of its outstanding credit facility borrowings and to repay senior notes that mature on 15 January 2009.
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