ANN ARBOR, Mich.--(BUSINESS WIRE)--Kaydon Corporation (NYSE:KDN) today announced that it is exercising its right to redeem all of its outstanding 4.0% Contingent Convertible Senior Subordinated Notes Due 2023 (the “Notes”). The Notes will be redeemed on September 22, 2008 at a redemption price equal to 100% of the principal amount, plus accrued and unpaid interest, including contingent interest, to but excluding September 22, 2008. This press release does not constitute a notice of redemption of the Notes. The redemption is being made solely pursuant to Kaydon’s Notice of Redemption dated August 21, 2008, which will be delivered to the holders of the Notes by U. S. Bank, the trustee under the indenture governing the Notes.
