American DG Energy calls remaining 8% senior convertible debentures

By Marisa Wong

Milwaukee, Feb. 9 - American DG Energy Inc. announced that it will redeem all of its outstanding 8% senior convertible debentures due 2011 on Feb. 26.

As of Tuesday, there was $5.32 million of debentures outstanding.

Debentures that have not been converted by the redemption date will be redeemed at par with accrued interest.

The conversion price of the debentures is $0.84 per share. The company's stock closed at $2.82 (NYSE Amex: ADGE) on Monday.

Waltham, Mass.-based American DG Energy supplies low-cost energy through distributed power generating systems.

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