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Published on 11/12/2002 in the Prospect News Convertibles Daily.

Playtex redeems $20 million convertibles

New York, Nov. 12 - Playtex Products, Inc. said it redeemed $20 million principal amount of its 6% convertibles notes due 2004 on Nov. 6, paying $20.3 million including accrued interest.

The Westport, Conn. personal care and consumer products company said in a filing with the Securities and Exchange Commission that after the redemption it had $30 million principal amount of the convertibles outstanding.

The securities are redeemable at par plus accrued interest. They convert at $19.15 per share. Playtex stock closed at $9.20 on Monday.


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