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ExelTech delays maturity on convertibles to May 29, 2009
By Susanna Moon
Chicago, Feb. 20 - ExelTech Aerospace Inc. said it received the required consents from holders of its convertible debentures to extend the maturity to May 29, 2009.
The notes were set to mature on Feb. 26, 2009.
The company said it expects to enter into a supplemental indenture with Computershare Trust Co. of Canada, as trustee, and obtain the approval of the TSX Venture Exchange.
The issuer is an aircraft maintenance, repair and overhaul provider based in Montreal.
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