Starwood Hotels & Resorts calls all series B zero-coupon convertibles

By Caroline Salls

Pittsburgh, Nov. 30 - Starwood Hotels & Resorts Worldwide Inc. said it will redeem all its outstanding series B zero-coupon convertible senior notes due 2021 on Dec. 27 at a price of $589.16 per note.

Holders can convert the notes into Starwood shares until the close of business Dec. 24 at a price of $57.65.

Starwood stock closed at $52.29 Tuesday.

Starwood is a White Plains, N.Y., hotel and leisure company.

© 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.