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AirTran holders exercise puts for 94% of outstanding 7% convertibles
By Susanna Moon
Chicago, July 2 - AirTran Holdings, Inc., parent company of AirTran Airways, Inc., said investors tendered $90,363,000, or 94%, of its $95,835,000 outstanding 7% convertible notes due 2023.
The put option expired at 5 p.m. ET on July 1.
Wilmington Trust Co. is the paying agent.
Following the put option, $5,472,000 of the notes remains outstanding.
AirTran is an Orlando, Fla.-based airline.
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