Kaman Corp. to Redeem Its 6% Convertible Subordinated Debentures Due 2012

Kaman Corp. to Redeem Its 6% Convertible Subordinated Debentures Due 2012

BLOOMFIELD, Conn., Nov. 27 /PRNewswire-FirstCall/ -- Kaman Corp. (NASDAQ:KAMN) today announced that it has issued a redemption notice calling for full redemption on December 20, 2007 of all $11,164,000 of its remaining outstanding 6% Convertible Subordinated Debentures due 2012 at a redemption price of 100% of principal amount plus accrued interest to December 20, 2007. The Debentures are convertible until the close of business on December 17, 2007 at the current conversion price of $23.359375 into shares of the company's Common Stock. The reported closing price of the company's Common Stock on the NASDAQ Global Market on November 26, 2007 was $31.71. Any holders of Debentures wishing to convert should carefully follow the instructions provided in the redemption notice.

Kaman Corp. conducts business in the aerospace, industrial distribution and music markets.

First Call Analyst:
FCMN Contact: barbara.podhajski@kaman.com

Source: Kaman Corp.

CONTACT: Russell H. Jones, SVP, Chief Investment Officer & Treasurer of
Kaman Corp., +1-860-243-6307, Russell.Jones@kaman.com

Web site: http://www.kaman.com/

Company News On-Call: http://www.prnewswire.com/comp/480450.html

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Profile: International Entertainment