Itron's 2.5% convertible senior subordinated notes due 2026 convertible in the fourth quarter

By Devika Patel

Knoxville, Tenn., Oct. 11 - Itron, Inc. announced that holders of its 2.5% convertible senior subordinated notes due 2026 may convert their holdings through Dec. 31.

The notes became convertible into cash and common shares because the closing price of Itron's common shares was greater than $78.19, or 120% of the conversion price, for 20 out of 30 consecutive trading days before the end of the last quarter.

The conversion opportunity became effective Oct. 1.

Deutsche Bank Trust Co. Americas is the conversion agent.

Itron is a Spokane, Wash.-based provider of measurement equipment and software for utilities.

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