OPKO Health holders may convert 3% notes due 2033 though next Friday

By Susanna Moon

Chicago, Aug. 30 - OPKO Health, Inc. said its 3% convertible senior notes due 2033 are convertible though Sept. 6.

The conversion right was triggered because the company's common stock closed above the 98% trading price for the notes, according to a company press release.

The conversion rate will be 141.4827 shares of the company's common stock for each $1,000 principal amount of notes.

The company's shares (NYSE: OPK) closed at $8.49 on Aug. 29.

OPKO is a health care company based in Miami.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.