Cooper holders put back all 2.625% convertibles

By Jennifer Chiou

New York, July 1 - Cooper Cos., Inc. announced that holders of all $115 million of its 2.625% convertible senior debentures due 2023 put back their securities to the company.

Holders had until 5 p.m. ET on June 30 to require the company to repurchase the convertibles.

Holders received par plus accrued interest on July 1.

The company noted that it paid the purchase price using borrowings under its $650 million revolving line of credit.

The conversion price was $44.40 per share. Cooper stock (NYSE: COO) closed at $37.15 on Monday.

Cooper is based in Pleasanton, Calif., and manufactures specialty health care products through its CooperVision and CooperSurgical units.

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