RailAmerica, Inc. Announces Plan to Redeem $74 million of 9.25% Senior Secured Notes due 2017

RailAmerica, Inc. (NYSE: RA) today announced that it is redeeming $74 million of its 9.25% Senior Secured Notes on June 25, 2012, in accordance with the terms of the indenture.  The notes will be redeemed at a redemption price of 103% of the principal amount of the notes being redeemed, plus accrued interest up to but not including, June 25, 2012.  Upon completion of the redemption, no principal amount of the senior secured notes will remain outstanding.