Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers P > Headlines for Pier 1 Imports Inc. > News item |
Pier 1 Imports retires $78.9 million of 6.375% convertibles due 2036
By Angela McDaniels
Tacoma, Wash., Oct. 7 - Pier 1 Imports, Inc. retired $78.9 million of its 6.375% senior convertible notes due 2036 during the second quarter of fiscal 2010, according to the company's 10-Q report for the period.
The quarter ended Aug. 29, and the 10-Q was filed with the Securities and Exchange Commission on Wednesday.
The $78.9 million convertibles were purchased by a foreign subsidiary of the company during the fiscal first quarter for $27.4 million, including accrued interest.
When the company reported the purchase in March, it said the subsidiary planned to hold the convertibles until maturity.
As of Aug. 29, $16,577,000 principal amount of the convertibles remained outstanding.
Pier 1 is a specialty retailer based in Fort Worth.
© 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.