DST holders may put $300 million 3.625% convertible debentures due 2023

By Devika Patel

Knoxville, Tenn., July 10 - DST Systems, Inc. said holders of its $300 million of 3.625% series B convertible senior debentures due 2023 may force the company to buy back the notes on Aug. 15 at par plus interest.

Holders who wish to participate should contact the trustee, Bank of New York Mellon (800 254-2826).

The Kansas City, Mo., provider of information processing and software services plans to use cash flow from operations, available cash, capacity under credit facilities, or investments to fund the put.

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