January 18, 2017 / 10:09 PM / in 10 months

BRIEF-Vector commences notes offering of $850 mln

Jan 18 (Reuters) - Vector Group Ltd -

* Vector announces commencement of notes offering of $850 million of senior secured notes due 2025

* Intends to use net cash proceeds from offering of notes to redeem all of company’s outstanding 7.750% senior secured notes due 2021

* Intend to enter into agreement with Jefferies Llc whereby Jefferies will agree to purchase 2 million shares of co at price of $22.00/share Source text for Eikon: Further company coverage:

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