Polaroid to redeem all series A preferred stock

By Ted A. Knutson

Washington, Dec. 10 - Polaroid Holding Co. said it plans to redeem all outstanding series A 8% cumulative compounding preferred stock for on Dec. 27 for $105.69 per share.

The price is composed of a liquidation preference of $101.69 as of June 30 plus accrued dividends in the interim.

Polaroid's received approval of its bank lenders for the redemption Dec. 8. Citicorp USA Inc. is the domestic administrative agent and Bank of America NA is the foreign administrative agent.

The Waltham, Mass.-based instant print photography company made the statements in an 8-K filing with the Securities and Exchange Commission.

© 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.