Foot Locker says all $150 million 5.5% notes converted ahead of redemption

Pittsburgh, June 4 - Foot Locker Inc. said all $150 million of its outstanding 5.5% convertible subordinated notes were exchanged for common stock ahead of a planned redemption.

Foot Locker issued 9.5 million shares in exchange for the notes.

On April 20 the company said it would call the notes at 103.1% of par, but all of the holders elected to convert their notes into stock at a conversion price of $15.806 per share.

The Bank of New York was the conversion agent.

Foot Locker is a New York City-based specialty athletic retailer.

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