Richardson Electronics calls remaining $7.67 million 8% convertibles

By Jennifer Chiou

New York, Dec. 14 - Richardson Electronics, Ltd. has elected to redeem its remaining $7.67 million of 8% senior subordinated convertible notes, according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed at par plus accrued interest to Jan. 11, the redemption date.

The 8% notes due 2011 were first issued in principal of $25 million in November 2005.

Richardson, based in Lafox, Ill., distributes electronic products through radio frequencies.

© 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.