Matria says all outstanding 4.875% notes converted ahead of redemption

By Jennifer Chiou

New York, June 2 - Matria Healthcare, Inc. said all of its outstanding 4.875% convertible senior subordinated notes due 2024 were converted to stock prior to the May 27 redemption date, according to an 8-K filing with the Securities and Exchange Commission.

As a result of the complete conversion, the company issued 4.39 million shares and made a make-whole payment of $15.5 million in cash.

The Marietta, Ga.-based health management company notified noteholders of the redemption in an April 27 mailing.

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