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Kirby Corporation Announces Placement of $200 Million Senior Notes.

Publication: PR Newswire
Publication Date: 31-MAY-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
- $200 million of senior notes at LIBOR plus 0.5% due 2013

- Proceeds used to repay $200 million of senior notes at LIBOR plus 1.2%

- Private placement will save $1.4 million of interest expense, or $.03 per share, annually. Kirby will expense $1.1 million of unamortized financing costs associated with refinanced notes.

- 2005 second quarter and full year earnings per share guidance unchanged

HOUSTON, May 31 /PRNewswire-FirstCall/ -- Kirby Corporation ("Kirby") today...

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