Oil States holders put back no 2.375% convertibles ahead of redemption

By Angela McDaniels

Tacoma, Wash., July 2 - Oil States International, Inc. said no holders of its $174.99 million of 2.375% contingent convertible senior notes due 2025 exercised the July 1 put option.

The company will redeem all of the convertibles at par on July 6, according to a company news release.

The notes will remain convertible until 5 p.m. ET on July 5.

The conversion rate is 31.496 shares of Oil States common stock per $1,000 principal amount of convertibles, which is equivalent to a conversion price of $31.75 per share. The company's common stock closed at $66.20 (NYSE: OIS) on June 29.

Oil States International is an oilfield services company based in Houston.

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