PHILADELPHIA-Storer Communications Inc., a wholly owned subsidiary of Comcast Corp., has elected to redeem all of its outstanding 10 percent subordinated debentures due May 15, 2003.
The debentures originally were issued in 1983. An aggregate principal amount of $139.3 million of the debentures will be redeemed June 30, at a redemption price of 100 percent of the principal amount.
With accrued interest, a total payment of $1,012.50 per $1,000 principal amount of debentures will be paid, the company said.
