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SPX says all remaining LYONs due May 2021 put back
New York, May 10 - SPX Corp. said holders of all remaining $27.65 million principal amount at maturity of its Liquid Yield Option Notes due May 9, 2021 exercised the put option.
The Charlotte, N.C., manufacturing company will pay $645.97 per $1,000 principal amount at maturity for a total of $17.86 million.
Funding will come from cash on hand.
The put option expired at 5 p.m. ET on May 9.
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