Amaya Gaming announces redemption of all 10.5% convertibles due 2014

By Tali David

Minneapolis, Jan. 8 - Amaya Gaming Group Inc. issued a notice of redemption for all of its 10.5% convertible subordinated debentures due April 30, 2014, according to a press release.

The convertibles will be redeemed at par plus accrued interest, for a total of C$1,028.48 per convertible, on Feb. 7.

As of Jan. 7, and before the processing of C$7,432,000 of the convertibles tendered for conversion, there was an aggregate principal amount of C$23,586,000 of convertibles outstanding.

The redemption will be paid for with cash from Amaya's working capital, the release said.

Based in Montreal, Amaya makes and sells technology-based gaming solutions for the regulated gaming industry.

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