SPX says $387.4 million LYONs put back

New York, May 12 - SPX Corp. said $387.4 million principal amount at maturity of its Liquid Yield Option Notes due May 2021 were put back to the company, leaving $27.6 million outstanding.

The Charlotte, N.C. diversified manufacturer said it will pay a total of $236.9 million for the tendered convertibles with funds drawn from cash on hand.

The put option expired at 5.00 p.m. ET on May 9. The price was $611.63 per $1,000 principal amount at maturity.

Basis100 to buy back up to $2 million convertibles

New York, May 12 - Basis100 Inc. said it plans to buy back up to $2 million of its 6% convertible unsecured debentures due Dec. 30, 2006.

The Toronto business solutions provider said the repurchases may occur during the next 12 months. It currently has $20 million of the convertibles outstanding.

Basis100 revealed its plans in a Normal Course Issuer Bid announcement with the Toronto Stock Exchange.

© 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.