Itron to Redeem Convertible Senior Subordinated Notes

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Itron Inc. ITRI announced today that it will redeem the remaining 2.5% convertible senior subordinated notes due 2026. The notes have an outstanding balance of $38.8 million and will be redeemed on September 30, 2011. The redemption will be funded by the company's cash on hand and available liquidity under its revolving credit facility.
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