Trailer Bridge buys back $1 million in debt

Trailer Bridge buys back $1 million in debt    Trailer Bridge said it had repurchased in a privately negotiated transaction $1 million of its 9.25 percent senior secured notes maturing on Nov. 15, 2011, at 90.5 cents on the dollar.
   “We believe that this opportunistic purchase of debt at this level represents an attractive return on capital for our shareholders while simultaneously improving our financial position,” said Ivy Barton Suter, Trailer Bridge's recently appointed chief executive officer.
   Trailer Bridge provides integrated trucking and marine freight service to and from all points in the lower 48 states and Puerto Rico and Dominican Republic.