Valassis Communications has raised a total of $360 million in a sale of senior notes. The U.S. media marketing service provider will use the proceeds to purchase its outstanding $242.2 million 8.25% senior notes due 2015 and to finance the redemption of all of the outstanding 2015 notes. The bonds, which carry a coupon rate of 6.62%, will be due on Feb. 1, 2021. The joint book-running managers for the sale were Bank of America Merrill Lynch and JP Morgan, adds Reuters.

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