Steinway Completes Bond Redemption
WALTHAM, Mass., July 16, 2013 /PRNewswire/ -- Steinway Musical Instruments, Inc. (NYSE: LVB), a global leader in the design, manufacture, marketing and distribution of high quality musical instruments, today 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.
About Steinway Musical Instruments, Inc.
Steinway Musical Instruments, Inc., through its Steinway and Conn-Selmer divisions, is a global leader in the design, manufacture, marketing and distribution of high quality musical instruments. These products include Bach Stradivarius trumpets, Selmer Paris saxophones, C.G. Conn French horns, Leblanc clarinets, King trombones, Ludwig snare drums and Steinway & Sons pianos. Through its online music retailer, ArkivMusic, the Company also produces and distributes classical music recordings. For more information about Steinway Musical Instruments, Inc. please visit the Company's website at www.steinwaymusical.com.
SOURCE Steinway Musical Instruments, Inc.
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