Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Solar Applied Materials Technology Corp. > News item |
Solar Applied Materials lowers conversion price on 0% five-year notes
By Susanna Moon
Chicago, Aug. 25 - Solar Applied Materials Technology Corp. said it adjusted the conversion price on its $115 million of 0% five-year convertible notes.
The conversion price was lowered to NT$72.43 from NT$93.056, effective Aug. 14, according to a company notice.
The company priced the zero-coupon convertibles at par on July 11 with an initial conversion premium of 28% over the closing price of NT$72.70 on July 8.
The Tainan City, Taiwan-based company makes high-technology metals and rare materials for coating metal disks like CDs and DVIDs.
© 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.