Per-Se says holders may convert 3.25% convertible debentures

By Laura Lutz

Des Moines, Jan. 11 - Per-Se Technologies, Inc. announced that its 3.25% convertible subordinated debentures due 2024 are convertible in connection with the company's expected merger with a wholly owned subsidiary of McKesson Corp.

Under the terms of the indenture, the debentures will be convertible from Jan. 11 through a fundamental change repurchase date. That date will be set in a repurchase notice to be issued within 30 days of the closing of the merger and will be 30 days after the notice is issued.

The price at which the company will be obligated to repurchase the debentures will also be set in that notice.

The merger is expected to close on Jan. 26.

Settlement of the merger depends on shareholder approval at a special meeting on Jan. 24.

Per-Se is an Alpharetta, Ga., provider of connective health care solutions to physicians and hospitals.

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