Safeguard Scientifics holders may put 2.625% convertibles due 2024

By Susanna Moon

Chicago, March 11 - Safeguard Scientifics, Inc. announced a put option on its 2.625% convertible senior debentures due 2024.

The notes are putable at par on April 8, which is an extension of the date provided in the note indenture to comply with the tender offer rules, according to a news release.

The company also will pay accrued interest to but excluding the repurchase date.

For questions call U.S. Bank NA, corporate trust services, at 800 934-6802.

Safeguard Scientifics is a technology incubator based in Wayne, Pa.

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