tw telecom to retire $225.9 million 2.375% convertible notes due 2026

By Susanna Moon

Chicago, May 8 - tw telecom inc. plans to retire $225.9 million of its outstanding principal amount of 2.375% senior convertible debentures due 2026, according to a 10-Q filing for the quarter ended March 31 filed with the Securities and Exchange Commission.

The company said it plans to retire the convertibles through repurchases, conversion or a full or partial call in the near term.

Assuming a hypothetical share price of $27.00, the value upon conversion for the outstanding convertibles is $327.2 million.

The company is a Littleton, Colo.-based provider of managed data, internet and voice networking solutions to businesses and large organizations.

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